Question

Alden is exploring options for funding her business expansion. She is especially interested in securing funding with a pre-set borrowing limit that she can use any time she needs it. What type of funding does this BEST describe?

(1 point)
Responses

Personal savings

Personal savings

Line of credit

Line of credit

Equity

Equity

Debit card

Debit card

Answer 1

The option that BEST describes the type of funding Alden is looking for, which includes a pre-set borrowing limit that she can use as needed, is a **Line of credit**.