Line of Credit

Small business owners may need funding to grow their business and to pursue new opportunities. Each type of small business funding will have pros and cons to consider. Here’s a look at two common choices for small business owners: a business credit card vs. a line of credit.

Victor Basso Elite Warehouse & Distribution Inc. When Victor Basso joined his family’s logistics company, Elite Warehouse & Distribution, he used an American Express® Business Line of Credit, giving the company financial flexibility to cover operating expenses. The experience helped position Elite for growth, equipment financing savings, and expansion, while strengthening its overall credit profile.