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Navigating Tariffs with a Line of Credit: A Lifeline for SMEs

  Small and Medium Enterprises (SMEs) face significant challenges in today's unpredictable economic landscape. Tariffs, which are intended to protect domestic industries and address trade imbalances, can create mixed outcomes. While they may shield local markets, tariffs also increase the cost of goods, disrupt supply chains, and strain cash flow, particularly for SMEs. As tariffs hinder economic growth, it becomes crucial for SMEs to enhance their financial resilience to remain competitive. A Line of Credit (LOC) can be an effective tool for achieving this resilience. Offering flexibility, accessibility, and strategic financial support, an LOC can be transformative for SMEs grappling with the economic turbulence caused by tariffs. This article explores how an LOC can strengthen SMEs' balance sheets and facilitate Just-in-Time Funding to help them navigate the challenges of tariffs. The Economic Impact of Tariffs on SMEs Tariffs are taxes imposed on imported goods and have a ...