How to determine how much of a line of credit you need for your growing business
Opinions expressed by Entrepreneur contributors are their own.
Q: Howdo we figure the line-of-credit needs for our growing board gamesdistributorship?
A:Figuring how to finance your trade cycle is not a trivial pursuit.As sales grow, so will inventory and accounts receivable. Youfinance this growth with increased accounts payable, after-taxprofits, and a business line of credit.
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve