Sentences with phrase «establish access to a line of credit»

While it's a good idea to establish access to a line of credit before you need it, even a last - minute application and approval process is typically shorter than a traditional loan request.

Not exact matches

In addition to the option of a small business loan, an alternative some restaurant owners consider is to establish a line of credit that can be accessed when needed, repaid, and used again.

A line of credit, abbreviated as LOC, is an arrangement between a financial institution, usually a bank, and a customer that establishes a maximum loan balance that the lender permits the borrower to access or maintain.

A line of credit is basically an arrangement between a financial institution, usually a bank, and a customer that establishes a maximum loan balance that the lender permits the borrower to access or maintain.

Under the adjustable rate reverse mortgage, homeowners can choose to receive home equity in monthly payments, term or tenure payments (a term payment being for a set term established by the borrower and a tenure payment being a payment for life), in a line of credit that you can access when you want, or a combination of any of these choices (i.e. a small lump sum to make repairs now, a portion in a line of credit to be able to access for later needs and the remainder in monthly payments for life).