Sentences with phrase «amount of the line of credit»

Payments based on amount you actually use, not on amount of your line of credit.

You could lose all the money in your account (plus the maximum amount of any line of credit (such as a Checkline Reserve or EquityLine) or savings account linked to your account for overdraft protection transfer purposes.

He had a significant amount of lines of credit and credit cards, which were all, you know, part of it became his responsibility of part of his separation, part of it was part of his credit mismanagement.

Payments based on amount you actually use, not on amount of your line of credit.

Not exact matches

Loans aren't the only line of credit you might consider — credit cards are often a more easily available option, albeit (usually) with a lower amount of available credit.

Cold, hard cash: Hewitt and his partners invested an undisclosed amount of personal funds in the business, along with seed capital from an investor friend, and opened a line of credit.

Just speaking of the basics, a line of credit, or revolving credit, is an amount of capital you can dip into when you need or let lie when you don't.

One is that the amount you can borrow is indexed to your age — so the earlier you take one, the bigger the line of credit you can set up.

Your balance sheets will help show the bank the worth of your assets and the strength of your company, which can in turn determine the SBA loan or line of credit amount you qualify for that would best fit your business's needs.

Current liabilities include notes payable on lines of credit or other short - term loans, current maturities of long - term debt, accounts payable to trade creditors, accrued expenses and taxes (an accrual is an expense such as the payroll that is due to employees for hours worked but has not been paid), and amounts due to stockholders.

With a line of credit, your business gets approved for a certain amount of money for a specified period of time — typically one year.

Sure the banks will give us a «line of credit» so they can gouge you for 20 % interest after you have the card / account for two months like Citibank and Bank of America has done to both my credit cards (even when I'm paying on time and amounts well above minimum).

Company owners who have large amounts of inventory and run into cash deficits between selling the inventory and the time it takes to get paid can leverage the inventory for a line of credit.

SBSS scores can be used for term loans and lines of credit for amounts up to $ 1 million.

The BBVA Compass Business Secured Credit Card works similar to the Wells Fargo Secured Credit Card, however your credit line will only be equal to 90 % of your deposit aCredit Card works similar to the Wells Fargo Secured Credit Card, however your credit line will only be equal to 90 % of your deposit aCredit Card, however your credit line will only be equal to 90 % of your deposit acredit line will only be equal to 90 % of your deposit amount.

Your line amount and rate will be based on our assessment of your business along with your business and personal credit

With this card, the amount of your credit line is equal to the amount you deposit.

With a revolving loan, you have a line of credit for a particular amount (let's say $ 1,000) that you can borrow from again and again.

And, you only pay interest on the amount of credit you use — not any of the available line you don't use.

If you want to request smaller amounts of money as needed, Kabbage offers lines of credit up to $ 150,000.

With a personal line of credit, you're approved for a set amount, similar to a credit limit.

A line of credit is a revolving loan that provides a fixed amount of capital that can be accessed as needed.

If you were to pay back your entire balance, the full amount of your credit line would be available for withdrawal again.

When you open a line of credit, you'll receive access to a stated amount of funds to use as needed.

If you were to pay back the entire balance, the full amount of your credit line would be available to withdraw from again.

Additionally, a HELOC is more like a credit card: You can draw from the equity line of credit over time when you need to, and you only pay interest on the amount you've borrowed.

While Kabbage also has a line of credit, the maximum loan amount is only $ 150,000 and APRs are higher at 20 - 80 %.

Your payment amount can change depending on HELOC interest rate fluctuations, your credit line balance and the number of days in each month.

Fundbox also offers a line of credit product with line amounts up to $ 100,000.

Kabbage and Fundbox both have similar line of credit products; however, Kabbage offers higher loan amounts and longer terms.

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

borrow up to the lesser of (i) $ 180.0 million, including up to $ 50.0 million for the issuance of letters of credit and up to $ 25.0 million for swing line loans and (ii) the borrowing base then in effect less the amount then outstanding under letters of credit and loans.

When you open a business line of credit, the business receives access to a stated amount of funds to use as needed.

A business line of credit (LOC) is a revolving loan that allows access to a fixed amount of capital, which can be used when needed to meet short - term business, needs.

We compared to LendingClub loans and lines of credit to other top online lenders that may offer more lenient eligibility requirements, fewer fees or larger loan amounts.

It's a challenge for Canadians still struggling to cope with the record amounts of consumer debt they amassed after the 2008 financial crisis because lenders use their prime rate as a benchmark for setting some other short - term rates including variable - rate mortgages and lines of credit.

In this case, your bank will provide a lump - sum loan payment or extend a line of credit based on this amount.

According to the report released by the Federal Reserve Bank of New York, housing - related debt, mortgages and home equity lines of credit rose by a combined amount of 0.6 %, $ 56 billion.

Loans are great if you are looking to borrow one lump sum, but if you prefer to choose a specific amount when you need it, lines of credit may be a better option.

If you get the line of credit now, the amount you can borrow grows as you age, effectively locking in immediate access to home equity when you need it most.

Getting a home equity loan or line is much like getting a first mortgage; you need to be approved based on the amount of equity in your home and your credit - worthiness.

Michael is free to draw the maximum $ 50,000 amount from his business line of credit to finance this business opportunity.

Let's say Michael is a business owner who applied and has been approved for a business line of credit in the amount of $ 50,000.

Keep in mind that the funding amount, duration of the credit line, and repayment terms all depend on where your business stands in terms of credit rating, history, revenue, and several other factors.

But banks should be required to release their claims on such property for the undrawn amount of the credit line.

The number is the total amount of credit they are prepared to offer, and it could be a combination of loans, operating lines or other purchasing lines of credit, credit cards, and secured lending.

If you're carrying a manageable amount of debt and can secure a loan or line of credit at competitive rates, then credit may be the best option.

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.

Every line of credit has a credit limit, which is the maximum amount you can have withdrawn at any given time.

Your rate is calculated based on a variety of factors, including credit qualifications, loan - to - value, line loan amount and other criteria, but generally may be higher than a conventional loan interest rates.