Sentences with phrase «mobank revolving line»

According to the agency, the ARC loans can be used to pay principal and interest on any «qualifying» small business debt, «including mortgages, term and revolving lines of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities.»

Three months of timely payments wins the business a higher limit and a revolving line of credit.

It replaced another SBA program known as the Export Revolving Line of Credit Program.

A line of credit, or revolving line of credit, is a flexible loan option for businesses.

Like a credit card, a HELOC is a revolving line of credit — you have a set credit limit against which you can borrow.

For example, if you have two credit cards with a $ 500 limit each and no other revolving lines of credit, then you have a total limit of $ 1,000.

The revolving line of credit, senior term loan, and mezzanine term loan facility were all terminated in August 2014.

You can factor this ratio by adding up the amount due on all your revolving lines of credit.

As of December 31, 2013, $ 2.3 million was outstanding under the senior term loan, $ 9.0 million was outstanding under the mezzanine facility, and nothing was outstanding under the revolving line of credit.

As of December 31, 2014 and March 31, 2015, the effective interest rate on the revolving line of credit was 4.25 %.

As of December 31, 2013, the Company had term loan facilities with a financial institution totaling $ 26.0 million consisting of a $ 14.0 million revolving line of credit, a $ 3.0 million senior term loan, and a $ 9.0 million mezzanine term loan facility.

The annual interest rate on the revolving line of credit is the greater of 0.75 % above the bank's prime rate or 4.0 %.

Similar to other revolving lines of credit, you draw funds when you need them and you only pay interest on the funds you use.

For December 31, 2012 and 2013, the effective interest rates on the revolving line of credit and the senior term loan were 4.5 % and 4.0 % per annum, respectively.

Other loans use revolving lines of credit.

P2Binvestor (P2Bi) is a marketplace lender that offers asset - secured, revolving lines of credit to growing companies with big ambitions.

Open - end loans are often referred to as lines of credit, revolving lines of credit and revolving loans.

Another major benefit to using a personal loan to pay off credit card debt is that you go from a revolving line of credit to an installment loan.

Default Rate is the interest rate charged to a borrower when payments on a revolving line of credit are overdue.

For consumers with a large amount of debt on revolving lines of credit, such as credit cards, a loan can also help them pay back that debt on a set schedule.

If you have enough of it, you may be able to convert that equity into either a home equity loan, or a home equity line of credit (HELOC)-- a revolving line of credit — to pay for those repairs or updates.

SBA CAPLines are designed to help small businesses manage cyclical cash flow needs through revolving lines of credit.

CrowdFund Insider Company receives a $ 1 million revolving line of credit to fund working capital loans for growing businesses 4/25/2014

The government guarantee will secure either a revolving line or transaction - specific loan.

Business credit cards are just like personal credit cards, it's a revolving line of credit you use for business expenses.

RiceBran Technologies Receives Extension on Senior Secured Term Loan and Revolving Line of Credit with Great Elm Capital

Inventure entered into a new $ 60 million senior secured term loan and a new $ 30 million senior secured revolving line of credit with a syndicate of lenders led by U.S. Bank National Association pursuant to a Credit Agreement, a Security Agreement and certain other customary ancillary agreements to fund the purchase and re-pay two existing equipment term loans totaling $ 8.4 million and the existing revolving line of credit totaling $ 17.6 million as of Nov. 8.

SCOTTSDALE, Arizona, December 30, 2016 / PRNewswire / — RiceBran Technologies (NASDAQ: RIBT and RIBTW)(the «Company» or «RBT»), a global leader in the production and marketing of value added products derived from rice bran, today announced that the Company has received an extension on its senior secured term notes and revolving line of credit with Great Elm Capital due to mature on December 31, 2016.

The USDOT provides a guarantee to participating STLP financial institutions who provide revolving lines of credit up to $ 750,000 for small businesses with federally funded transportation - related contracts.

A couple of revolving line of credit accounts will be more ubiquitous than student loans since credit cards are easier to obtain than getting into and paying for college.

Benchmark your rating and then watch it change as you pay down balances on your revolving debt: credit cards, and revolving lines of credit.

A HELOC is a revolving line of credit that enables you to borrow money from your credit union or bank using your home as collateral.

This ratio divides the balance you currently owe by the limit on all your revolving lines.

This is a good option for anyone who wants to avoid another revolving line of credit - and for anyone who wants to have a guaranteed payoff date.

However, the implications differ depending upon the type of loan: installment loans, and revolving lines.

A credit card gives you access to a revolving line of credit, meaning you can use as much as the card limit, pay the money back and borrow it again.

Home Equity Line of Credit (HELOC): A type of secondary financing that consists of a revolving line of credit.

The HELOC is a revolving line of credit that allows homeowners to turn home equity into cash for ready use.

If you want to keep things simple, credit can be broken into two categories that contribute to your account diversity: (1) Revolving lines of credit (ie, credit cards) and (2) installment accounts (student loans, mortgages, car loans, etc.), says Wayne Sanford, founder of Dallas - Fort Worth — based New Start Financial.

What you have described is effectively a revolving line of credit.

Credit cards are a revolving line of credit.

Most credit cards are unsecured, revolving lines of credit, and they carry more risk than other loans (like mortgages that have collateral).

The most common loan duration is 25 years, with the first 10 years featuring a revolving line of credit, and the final 15 years using a fixed schedule.

Unlike a credit card, which is a revolving line of credit, a personal loan is an unsecured loan that doesn't require any collateral, such as a car or house.

A HELOC, or a home equity line of credit, is a revolving line of credit secured by equity in your home.

For example, my US Bank FlexPerks Rewards Visa Signature card statements always show that I have a revolving line of $ 6000 limit.

My Experian report shows that I have a revolving line with my USBank Visa Signature credit card in amount of $ 573.

An HELOC is a kind of revolving line of credit whose interest rates are flexible.

A credit card is a revolving line of credit account which requires monthly payments, balance management and approval for transactions.

For a revolving line of credit (such as a credit card or HELOC), interest normally accrues daily, so this spreadsheet is like the «simple interest loan» calculator except that it allows you to include additional draws besides the initial loan amount.