A business line of credit or BLOC is a flexible financial support method for small business owners that is accessible through a line of credit you can draw on as needed. Unlike a fixed payment or loan, this product gives you the option to get funds from accessed through an approved line of credit. You only have to pay for what you can use, so interest does not accumulate, or no payments are due until you have requested the capital and draw on the line of credit. These lines of credit depend on your overall business profile and can typically be made against collateral (real estate, accounts receivable, etc.) or unsecured. If you qualify for a secured line of credit, most lines of credit will have a lower interest rate and more favorable repayment terms.