# Secured Line of Credit

The Secured Line of Credit is a credit facility secured by onchain cash flows and/or asset collateral.

**Benefits for Borrowers**

* Flexible financing for OpEx and longer term growth initiatives with no fixed repayment schedule
* On-demand liquidity. Only use what you need, when you need it
* Leverage future cash flow/revenue (assets you don’t even have yet) to drive growth
* Syndication - the credit line does not have to be solely in USDC from one lender, it supports multiple assets and multiple lenders for each Secured Line of Credit. <br>

**Benefits for Lenders**

* Assess borrower risk and price accordingly via lender-specific interest rates&#x20;
* Receive a return on deposited capital even if funds are not drawn down
* Withdraw deposited capital on-demand if funds aren’t drawn down by a Borrower
* A Line of Credit is collateralized by the borrower's cash flows via the Spigot to service debt&#x20;
* Recourse via priority repayment, programmatically enforced

*Not sure what a revolving Line of Credit is? For a basic overview from TradFi, see* [*here*](https://www.investopedia.com/terms/r/revolvingcredit.asp)*.*&#x20;


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