Businesses that are unable or unwilling to
obtain traditional lines of credit because of insufficient history, credit issues, over-extension, bankruptcy, judgment, tax liens, or other reasons.
The next year, as Wold won more government contracts she applied for
a traditional line of credit.
Instead, use
a traditional line of credit or take a cheaper vacation.
In addition, if you develop a history of bouncing checks or overdrawing your account, it can lead to a poor credit score and make it that much more difficult to access more
traditional lines of credit, perpetuating the cycle.
The bank also offers a Preferred Line of Credit, which is
a traditional line of credit product that also offers overdraft protection, and a KeyBasic Credit Line, which is a small - dollar credit line primarily for overdraft protection.
These lines don't function like
a traditional line of credit; instead, you can order inventory and defer payments for a certain period of time.