How do I know whether I need a loan or a line of credit?

The purpose of the financing will determine which option best suits your business needs:

• Loan: Ideal for purchasing a business asset or funding a specific, one-time expense.
• Line of Credit: Best for managing cash flow or working capital, offering a revolving option where funds can be reused as payments are made.

For guidance, consult with a business specialist at your local branch to determine the right solution for your business.