Definition Lines of Credit

Lines of Credit definition
SBA Loan ProgramSmall Business Finance ServicesSmall Business Administration / InvestingBusiness Loan / Finance Programs & InvestmentsSBA Loan Proposals / Lines of Credit

SBA Loan Terms: Lines of Credit

An agreement by a bank or financial institution to extend credit up to a specific amount for a certain period of time to a specified borrower. Usually it is a short-term loan, less than one year.



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Small Business Loan Consulting

Definition: Lines of Credit - Small Business Loan Forms / Application

Start up companies in every industry are always seeking capital to open or expand their company. This is a challenge as many of these entrepreneurs have no prior business experience or credit and have been turned down by typical bank programs. There are also small business programs designed for minority and woman-owned businesses and startups.

When your bank says no - Go find another business bank -

The 504 small business loan program is a long-term financing tool for economic development within a community. The 504 Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as real estate,machinery, land and buildings. A Certified Development Company is a nonprofit corporation set up to contribute to the economic development of its community.
All 7(a) loans are provided by lenders who are called participants because they participate with SBA in the 7(a) program. Not all lenders choose to participate, but most American banks do.


Small Business Administration was formed in 1953 as an independent agency of the federal government to help America's entrepreneurs form successful small enterprises. There are SBA program offices (providing small business loan assistance and information) in every state offer financing and training for both small businesses and start up companies.

Small Business Loans & Program Definitions

SBA Loan Terms / Corporate Finance - Define: Lines of Credit - 2004 HJ Ventures International, Inc.