Do you enjoy the flexibility of using a credit card as much (or as little) as you want, but would rather have the benefit of cash? Then a business line of credit may be for you. Like a credit card, the bank will give you a set limit that you can’t spend more than, but you can continue to borrow, then pay it back, again and again. The perks of a revolving line of credit like this are that you can borrow just what you need. The drawbacks include a higher rate of interest, similar to rates that credit cards have. The better your business credit score, the more competitive rate you’ll be able to secure. With rates ranging from 7 to 36%, it’s in your best interest to keep your credit in check so you can qualify for those lower APRs.