What exactly is line of credit with merits-demerits, Other Subject

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What exactly is line of credit with merits-demerits

Problem: 'Eizabeth owns a boutique showroom in uptoWn Waterloo. She has been a client of CAB bank since 2005 and has never defaulted on any credit card payments. Her personal banker recently offered her a $ 75000 Line of Credit for her business.

She is confused whether to use it or not and thus is seeking your guidance. Explain it to her what exactly is a Line of Credit along with advantages and disadvantages of using it?

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Other Subject: What exactly is line of credit with merits-demerits

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Other Subject: What exactly is line of credit with merits-demerits

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