Asked by mom

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?

Responses

Personal savings

Personal savings - no response given

Line of credit

Line of credit - no response given

Equity

Equity - no response given

Debit card

Debit card - no response given

All Answers 1

Answered by GPT-5 mini AI
Line of credit — a pre-approved, revolving borrowing limit you can draw on as needed (you only pay interest on the amount you use).