Sentences with phrase «term loan cycle»

We wouldn't want anyone to get stuck in a short term loan cycle so we would advise against overloading yourself with too much short term loan debt.

Not exact matches

Looking to grow, Brian took out a loan with a short - term lender — but was soon stuck in a cycle of expensive debt.

Sucked into a cycle of re-borrowing high - cost, short - term loans, the entrepreneurs nearly lost their business and were close to letting their 14 employees go.

This might not be a groundbreaking change — maybe you're moving from $ 40,000 to $ 60,000 in financing, for example, or from a loan term of 18 to 24 months — but you're still expanding your possibilities for growth, building credit, and keeping the financing cycle going.

Once you've taken out a short - term personal loan, vehicle title loan, or payday loan, it's hard to stop the debt cycle.

Balboa Capital's term loans may not be the best choice for businesses with irregular or seasonal payment cycles.

Avoid at all cost any companies whose terms state that they will push the finance over to the following pay cycle since in such cases, you will end up paying for the fees and charges without paying for the original loan.

You can continue this spending and repayment cycle until the pre-negotiated term on the line of credit loan expires, if it expires at all.

We offer flexible, short - term loans that can be used to purchase inventory, service new orders or optimize cash cycles.

These parents can fall prey to payday loans and get trapped in a vicious cycle of long - term, high - cost debt.

The aim of the course is to break an 11 - year debt cycle that has been caused by short - term loans consumption.

While there are short term loans available for people who just need a quick fix, long term payday loans and lines of credit are aimed towards consumers who need to have a longer repayment period in order to survive without ending up taking up another loan, and another... This option helps you avoid a cycle of debt over the long term.

My own curbside data of payday use (read the long version or the short version) suggest that Professor Hawkins» starting point, that these loans are designed to be short term and thus to keep people out of a cycle of debt, is out of synch with the reality of either borrowing habits or lender business plans.

Many borrowers take on a short - term loan, then can't afford the lump sum needed to repay the loan, initiating a cycle of extensions and additional fees that can cause the debt to multiply exponentially.

Your credit will take a dip and suffer in the short - term, but once you get out of payday loan debt — you will be free of the seemingly endless payday loan cycle.

Because of the production cycle and dynamic nature of the industry, loan product terms and availability may not reflect the latest changes.