Sentences with phrase «of a line of credit allows»

The flexibility of a line of credit allows the business to access funds when needed without going through additional credit approvals during the term of the credit line.

Not exact matches

The home equity line of credit has allowed millions of households to borrow against their properties, providing cash for everything from renovations to investing to debt consolidation.

The company has a $ 20 million line of credit with an undisclosed Texas bank, allowing it to make loans directly; it then sells the loans at a small premium to institutional investors.

It's new apps for Android and iOS allow users to pay with PayPal and credit cards and it even has a «bill me later» option that allows users to pay with an app - specific line of credit.

A credit line, offered by a growing number of barter exchanges, is basically an extension of barter credits, which allow a business to buy essential items from other network members before selling its own goods into the system.

A flawless credit history may allow for a line of credit to fund a startup.

The Small Business Administration's CAPLines Program allows small businesses to acquire lines of credit, fixed or revolving, for meeting cyclical and short - term working capital needs.

Also, Menchie's Franchise Development Managers have experience helping franchise candidates explore other sources of financing, such as home equity lines of credit and self - guided IRAs, which can allow you to start a business using pre-tax dollars without penalties or paying income tax on the start - up dollars.

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.

This allows businesses to access lines of credit up to $ 250,000 with a free application that only takes ten minutes.

Using a line of credit allows you to build a positive business credit history as you use the line and make the payments on time.

However, it's easier than ever to be approved and the minimum requirements allow even young businesses to be approved, provided you're in good standing (albeit for smaller, shorter - term lines of credit).

Of course the banks already cap the size of their customers» credit lines to limit default risk, and charge additional fees when they allow customers to take (limited) cash advanceOf course the banks already cap the size of their customers» credit lines to limit default risk, and charge additional fees when they allow customers to take (limited) cash advanceof their customers» credit lines to limit default risk, and charge additional fees when they allow customers to take (limited) cash advances.

Hundreds of thousands of Americans have had their credit lines turned off because the issuing banks, realizing that home values have fallen, refuse to allow consumers to draw on previously authorized lines.

For partner banks, this type of program allows increased country credit lines, capital relief, and expanded relationships with regional correspondent banks.

A cash - out refi also differs from a home equity line of credit (HELOC), which allows you to borrow cash using the home - equity as collateral.

A line of credit is an open - ended, revolving loan that allows you to withdraw funds, repay those funds and withdraw funds again.

Our operating lines of credit allow business owners to extend their roadway and achieve the next milestones before signing the term sheet.

At these times, you may be able to get a temporary working capital line of credit, which allows you to draw on the credit line as necessary to meet cash flow shortages.

The line - of - credit and Master Lease Agreement concepts save you both time and money and provide you with all - encompassing financial solutions that allow you to bundle a variety of products and services into one monthly payment.

The lawmaker said she is in favor of allowing people to purchase insurance across state lines, the creation of high risk insurance pools and tax credits.

It's the end of the line for the MetroCard: the MTA announces a new fare system that will allow subway and bus riders to pay with cell phones or certain credit or debit cards.

A select few secured credit cards allow you to put down a nominal security deposit, while giving you a significantly higher line of credit — we discuss one such card below.

Sometimes described as a cash advance loan, payday loans allow individuals to take out a line of credit against the paychecks that they are already bringing home — usually with higher than traditional interest rates attached to them.

A line of credit is an open - ended, revolving loan that allows you to withdraw funds, repay those funds and withdraw funds again.

Home equity lines of credit, also known as HELOCs, allow homeowners to access the equity that they've built up in their homes.

A home equity line of credit, known as a HELOC, allows you to borrow up to 80 percent of your equity, which becomes a line of credit.

An unsecured personal line of credit is a revolving credit account which allows you to draw funds up to a limit.

This knowledge allows you to save money, since you don't need the flexibility of a line of credit, and have no need to pay the higher interest rate that often comes with one.

Wells Fargo, for instance, allows members to apply online for a line of credit up to $ 100,000 with rates starting at 5.75 %.

A personal line of credit would allow you to borrow funds to help cover your expenses during lower - income months, while allowing you to repay the line of credit during higher - income months.

The product is a line of credit that allows for borrowing up to $ 50,000, according to a press release.

A personal line of credit and a personal loan both allow you to borrow money for almost anything your heart desires.

The lender provides the tightest APR range of any secured line of credit provider — between 6.25 % and 7.25 % — and allows you to renew your credit line annually, with no limits on the number of renewals.

The major advantage of this method over a balance transfer is that they allow for larger lines of credit — as much as $ 35,000 in some cases.

Draw and repayment periods: In some instances, personal lines of credit can feature separate draw and repayment periods; allowing the borrower to withdraw funds during the draw period, while requiring them to make monthly payments during the repayment period.

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

Some lenders now offer Home Equity Lines of credit that allow you to obtain cash advances with a credit card or to write checks up to a certain credit limit.

They allow consumers to buy now and pay later, so many people use them as a line of credit.

Personal lines of credit are open - ended loans which allow the borrower to withdraw funds as needed for a set period of time.

Most mortgages will allow you to take a home equity line of credit from another lender, so shop around for the best rate.

A line of credit tax refund loan allows you to qualify for a certain amount and draw on the cash when you need it most.

While you may think that being an authorized user is simply a way to allow someone access to a line of credit, it actually has a much greater purpose.

However, some states only allow for issuing installment loans or lines of credit.

A consumer proposal also allows you to consolidate your debts into one monthly payments and so is a viable approach to debt consolidation if you have significant credit card debt, tax debts or unsecured lines of credit.

Second, getting lines of credit allow you to periodically take out money (up to a specific amount or credit) similar to a credit card.

At the end of 15 years, no additional draws are allowed and you have 15 years to pay off the balance of your credit line.

Home equity lines of credit are easy and economical, and allow you to put the money you've invested in your home to work for you for tuition, home improvements, wedding expenses or other important purposes.

They offer low, flexible payments, and allow you to access your line of credit when you need it.

The credit line option allows borrowers a great deal of freedom when planning their finances.