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They are revolving lines of credit in the reserve module of the Ideal Business® or B-Smart®. Available quantities can vary, from $5,000 to $250,000, depending on the product. They provide the merchant with a credit facility to be used easily and quickly, once approved. These lines are activated to cover transactions in excess of the available balance in the checking section of your commercial account. Another way to activate the line is by using the special checks for the line of credit. The frequency of payment on these lines of credit products can be daily or monthly (principal), with monthly interest and is a revolving credit.
