Lines of Credit Remain Lifeline for Some Small Businesses

WASHINGTON - For some small businesses, a line of credit is a sure backup for a number of unexpected scenarios. Credit unions continue to offer them along with a package of other business services that include business loans, deposit services and merchant processing among others. As of Dec. 31, 2005,...

By Michelle A. Samaad | March 28, 2006 at 07:00 PM

WASHINGTON – For some small businesses, a line of credit is a sure backup for a number of unexpected scenarios. Credit unions continue to offer them along with a package of other business services that include business loans, deposit services and merchant processing among others. As of Dec. 31, 2005, total unfunded commitments topped the $204 million mark at Evangelical Christian Credit Union, according to Callahan & Associates, Inc. -

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