Sentences with phrase «as revolving credit lines»

While this means these cards will generally have higher - than - average APRs and may come with extra fees, they can be more affordable than short - term loans and, as revolving credit lines, can be used and repaid more than once.

Not exact matches

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

The lender's lines of credit are revolving with a monthly maintenance fee as well as monthly APR..

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

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.

Using your home itself as collateral, this secured financing usually touts lower interest rates than credit cards and acts as a revolving source of funds, so that you can borrow against your home and pay back the credit line as many times as you'd like during the draw period.

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

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.

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 Ncredit 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 NCredit 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 Ncredit totaling $ 17.6 million as of Nov. 8.

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

For revolving credit accounts, such as a credit card, highlight the credit line amount as well.

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.

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.

A home equity line is a form of revolving credit in which your home serves as collateral.

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.

When a bank issues a credit card, a revolving credit line is created for the customer and this line of credit may be used by the card user to make purchases or to get cash advances (using your credit cards as ATM cards) when using the card.

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.

Although meant mainly for use as a HELOC calculator, it was designed to simulate a general revolving line of credit.

You get a revolving line of credit to draw from, with your house as collateral, and you only pay interest on what you use.

This type of credit is known as revolving credit because the line of credit is open - ended.

Line of Credit: A revolving loan that provides a fixed amount of capital that can be used, repaid, and then used again as needed.

It's much the same as a home equity loan except it is a revolving line of credit with no fixed repayment schedule.

One of the key factors that cause credit scores to move up or down is how much debt you owe on revolving accounts (such as credit cards and lines of credit) compared to your total available credit limits.

Secure loans of various types such as revolving accounts (e.g. lines of credit, credit cards) and installment loans (e.g. home loans, auto loans, etc).

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

Finova loans are advertised as lines of credit, but they differ from the revolving credit associated with a credit card or personal line of credit because you get your loan amount in a lump sum, not as a credit limit.

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

Remember that using a credit card is basically the same as using a revolving credit line.

• Home Equity Line of Credit (HELOC)-- A home equity line of credit is not so much a loan, but a revolving credit line permitting you to borrow money as you need it with your home as collateLine of Credit (HELOC)-- A home equity line of credit is not so much a loan, but a revolving credit line permitting you to borrow money as you need it with your home as collaCredit (HELOC)-- A home equity line of credit is not so much a loan, but a revolving credit line permitting you to borrow money as you need it with your home as collateline of credit is not so much a loan, but a revolving credit line permitting you to borrow money as you need it with your home as collacredit is not so much a loan, but a revolving credit line permitting you to borrow money as you need it with your home as collacredit line permitting you to borrow money as you need it with your home as collateline permitting you to borrow money as you need it with your home as collateral.

These include any mortgages, car loans, personal loans, and revolving lines of credit such as credit cards.

Trade credit, also commonly known as vendor credit, is a line of credit issued by different companies and suppliers that offer revolving accounts only good with their business.

A revolving form of credit such as a credit card or line of credit, starts out with a zero balance.

Restoring your credit by taking out a loan can work, but it seems to take longer than re-establishing credit by getting a form of revolving credit such as a credit card, line of credit, or overdraft.

We talked about this earlier, but the reality is the people who make the rules prefer consumers carry multiple types of credit lines, and installment credit — such as the kind you'd incur through a CD - secured loan — are given more credence than the revolving credit that comes with plastic.

By now you've probably figured out that getting close to the maximum limit on your credit cards and other forms of revolving credit (lines of credit and overdrafts) is not viewed as a good thing by the credit reporting agencies.

A home equity loan is secured by the equity you have built up in your home and can be structured as either a revolving line of credit or a second mortgage.

This type of credit is the type that people carry on credit cards and home equity lines of credi t. Revolving credit does renew after the balances are paid down — a person can use their credit card repeatedly as long as they continue to pay it down to free up the credit each month.

Don't charge all the way up to your credit limit — with revolving credit, such as a store card or other credit card, try and keep what you owe to 1/3 or less of your line of credit

Revolving credit is a line of credit that can be used again, such as a credit card while an installment loan, such as a car loan or student loan, is meant to be used once and paid off.

The best part about a personal line of credit is its built - in - flexibility that allows you to borrow and spend as and when you need funds, and pay interest only on the amount withdrawn from your revolving line of credit.

In addition, credit cards allow you to continuously access your line of credit as you need it over time; they are considered revolving debt which is different from installment debt.

Your home equity line of credit is a revolving credit account, meaning as you pay back your balance you can continue to draw on available funds throughout the draw period.

The credit line is revolving, so you can use it as many times as you want as soon as you do not exceed the maximum limit.

The home credit line of credit, which is better known as an HELOC, is a type of revolving credit with flexible rates and conditions.

However, regarding your credit score consumer debt is often referring to revolving debt such as credit cards and home equity lines of credit.

As the name suggests, the home equity line of credit has flexible rates because it is actually a revolving type of loan.

As far as the account type code, CLS 47 Credit line secured — revolving terms; I don't think there's anything special about iAs far as the account type code, CLS 47 Credit line secured — revolving terms; I don't think there's anything special about ias the account type code, CLS 47 Credit line secured — revolving terms; I don't think there's anything special about it.

So your HELOC payments only come due as you use the revolving credit line.