Why you NEED to understand this type of credit | Finance Friday
Lines of credit have historically been based on your company's past financial data. Previous revenue, debt-to-income ratio, profitability, and current cash flow are all taken into consideration. However, it's difficult to take on larger projects if your bank lines are based on previous data rather than projected data. So, how do you get around this obstacle? Project based financing. Listen to this week's episode of Finance Friday to learn more.