> For the complete documentation index, see [llms.txt](https://docs.creditcoop.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.creditcoop.xyz/about-our-products/secured-line-of-credit.md).
# 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.
**Benefits for Lenders**
* Assess borrower risk and price accordingly via lender-specific interest rates
* 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
* 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)*.*
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