 TITLE: 8 Ways to Get Emergency Financing for Your Small Business CONTENT: 2\\. Small Business Line of Credit\n---------------------------------\nWhile most small business financing comes in the form of installment credit, a business line of credit is a type of revolving credit. As with a credit card, you are given a credit limit and can draw funds up to that amount. You don't have to make payments until you actually draw on the funds; as you pay back the money, it becomes available to borrow again. A business line of credit can be a good emergency tool for companies that regularly need working capital, such as seasonal businesses with predictable downtimes or companies that need to buy materials or inventory long before they can sell it.\n**Pros**: Flexibility; you don't have to pay it back until you use it. You can draw from the line of credit repeatedly without reapplying for more.\n**Cons**: Interest rates are usually higher than on bank loans; smaller limits than bank loans. END