Sentences with phrase «revolving loan»
A revolving loan is like having a credit card or line of credit with a set maximum amount you can borrow. You can use and repay the money multiple times as long as you stay within that limit. It's like having a revolving door of borrowing and repaying. Full definition
On top of that, he adds, borrowers who make a good - faith effort to meet their obligations can typically get short - term financial help through revolving loan funds.
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But in the case of revolving loans, you will need to establish a credit line up to a specific limit.
This is different from revolving loans in the sense that you are borrowing a specific amount per time.
They are not like credit cards, which are revolving loans with no fixed payment term and variable rates.
Our secured lines of credit feature revolving loan terms with annual renewal, no cash advance fees and no interest charges until you use the funds.
Lenders will like to know how you have been able to manage different types of account such as revolving loans and instalment loans.
With that said, you want to know your credit limit for all of your credit cards and other revolving loans and use them as minimally as you can.
Some examples of installment loans are auto and student loans, and an example of revolving loan is credit card.
People with high credit scores consistently pay their debts on time, keep balances low on credit cards and other revolving loans, and apply for and open new credit accounts as needed.
Creates a $ 25 million small business revolving loan program; the state would make low interest loans available to «community based financial institutions» which would make loans of up to $ 125,000 to businesses with one hundred or fewer in - state employers.
Wangari Maathai's Green Belt Movement continues to forge its own path, trying to bring planting to dry regions, creating revolving loans for livestock that are paid back with seedlings instead of money, and planting trees in the national forests.
The following statements were provided in support of the Small Business Revolving Loan Fund allocations:
The E.F.C. is scheduled to vote today on a $ 511 million low - interest loan from the Clean Water State Revolving Loan Fund to the New York State Thruway Authority for the bridge project.
Credit Suisse AG, Cayman Islands Branch, as lender, in a $ 50 million secured revolving loan facility created to fund the purchase of loans facilitated through the Prosper marketplace platform by a Garrison - owned SPE borrower.
The Cuomo Administration had justified the loan from the state's clean water revolving loan program, which is overseen by the federal government, saying it would help keep the Hudson River clean while the bridge was rebuilt, and after its completion.
$ 200 million secured revolving loan facility created to fund the purchase of loans facilitated through the Prosper marketplace platform by a Garrison - owned SPE borrower;
Charter School Revolving Loan Fund (CSRLF) * General information about the CSRLF and guidance for loan recipients.
That is why is it offering congregations a zero - interest revolving loan fund (up to $ 15,000, payback is 10 years) to help congregations #putsolaronit.
Helped eight charter schools begin operations, renovate or expand through the use of $ 1.4 million in revolving loan funds.
Home equity lines of credit are a type of revolving loan whose interest rates change with the passage of time.
Businesses applying for State Small Business Credit Initiatives funding through the Regional Economic Development Revolving Loan Program only have to meet the State Small Business Credit Initiatives eligibility requirements set below.
Provides for - profit charter developers with a state tax - payer sponsored revolving loan program
Also, because these are not revolving loans, one does not have to worry about «credit utilization» affecting their FICO score.
Subtitle G: Diesel Emissions Reduction -(Sec. 792) Instructs the Administrator of the Environmental Protection Agency to use: (1) 70 % of certain allocated funds to provide grants and low - cost revolving loans on a competitive basis to eligible entities to achieve prescribed reductions in diesel emissions; and (2) 30 % of certain allocated funds to support grant and loan programs administered by states that are designed to achieve similar diesel emission reductions.
Most revolving loans come in the form of lines of credit, where the borrower makes charges to the card and pays them off (and repeats this process).
Miramax has secured a $ 300 million multi-bank revolving loan that will fund film and TV productions for the next five years, the company announced Thursday.
Citigroup, parent of Citibank, alone received $ 2.5 trillion in cumulative revolving loans of the $ 16 trillion loaned by the Fed.
In 1979, both the Department of Housing and Urban Development and the Economic Development Administration contributed money to establish the county's Regional Development Corporation Revolving Loan Fund.
Buffalo and Erie County Regional Development Corporation (RDC) was incorporated for the purpose of encouraging the expansion of existing companies in target areas of the County of Erie by establishing an Industrial Revolving Loan Fund from which RDC makes loans to individual companies.
The most mature charter sectors have now developed revolving loan programs for capital projects, transportation co-ops, and algorithm - based enrollment systems.
The Charter School Revolving Loan Committee will meet in the offices of the Utah State Board of Education, 250 E 500 South, Salt Lake City, from 9 a.m. to noon on Thursday, May 25, 2017.
Our unsecured line of credit features revolving loan terms with annual renewal, no cash advance fees, and no interest charges until you use the funds.
Since the first quarter of 2016, consumer delinquencies in general have risen in every category, from direct auto, to mobile home, to bank cards, to non-card revolving loans.
Revolving loans like credit cards can be damaging to your credit score — but you do have options.
Since Prosper personal loans are installment debts, you are also converting revolving loans with variable interest rates — that can go as high as 29.99 % under certain circumstances — into fixed rate debt where the rate will never increase.
Instead of a fixed loan amount, revolving loans give borrowers a credit limit — how much of that limit borrowers use is up to them, and the payments change depending on how much the borrower charges every month.
Revolving loans work a little differently.
The remaining local project costs are largely financed through the Federal State Revolving Loan Fund administered by the state Environmental Facilities Corp..
New Grounds Food is also helping fund three revolving loans for entrepreneurs in Guatemala.
The 20 organizations who received awards today through the Small Business Revolving Loan Fund include:
$ 75 million secured revolving loan facility created to fund the purchase of loans facilitated through the Prosper marketplace platform by a Victory Park - owned SPE borrower.
For example to retrofit all buildings with PV and efficient appliances and EV changing capability could be facilitated by a combination of revolving loan funds from local revenue bonds providing loans to be repaid form the stream of saving from efficiency and renewable energy products.The measures needed will encompass the political, regulatory, technical, and financial areas.
Money still remains in the clean water revolving loan fund and municipalities can still apply for the funds to repair sewers, Thruway spokesman Dan Weiller said.
$ 150 million secured revolving loan facility created to fund the purchase of loans facilitated through the Prosper marketplace platform by a Garrison - owned SPE borrower; and