re: Getting a line of credit at a bank @ 6.7%

Talking with the banker is all foreign language to me but if I understand correctly the credit is there as long as I need it. He mentioned 25-30 years as long as I keep meeting my monthly interest obligation. Interest rate won't move as far as I understand it also.

Hopefully will only need about 35k of it and plan to operate the business the first year without pocketing any profits and putting everything towards principal and hopefully be a debt free business within 2 years.