Sentences with phrase «duration of the credit line»

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.

Some lenders offer an interest - only option for HELOC payments during the initial draw period, followed by principal and interest payments throughout the duration of the credit line.

Not exact matches

Then, as the borrower needs funds — say a few thousand dollars, or a portion of the credit line — he can draw on the credit line and select a payment plan and a loan term carrying a fixed interest rate for the loan's duration (12 to 60 months).

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.

For the line of credit, there are additional business duration, revenue and bank account balance requirements.

One of the many factors of your credit score is the duration of your open lines of credit - or credit history.