Gerald Cooksie owns a restaurant in Panama Beach, Florida. He has arranged a business loan with the bank where he has his business account. The terms of the loan allow him to borrow up to $$13,500$ within the next year if the bank has funds available to lend; he must pay interest only on the unpaid loan balance. Cooksie has arranged a:

Group of answer choices

credit$-$line loan

secured loan

line of credit

collateralized loan

mortgage loan