Sentences with phrase «term revolving lines»
· Internex Capital provides short - term revolving lines of credit to small and mid-sized businesses.
https://www.thebalancesmb.com/ Not exact matches
According to the agency, the ARC loans can be used to pay principal and interest on any «qualifying» small business debt, «including mortgages, term and revolving lines of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities.»
They said the company is not currently pursuing a debt restructuring, although it is seeking relief from a $ 225 million term loan due in 2020 and $ 200 million revolving credit line that comes due in 2019.
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.
The revolving line of credit, senior term loan, and mezzanine term loan facility were all terminated in August 2014.
As of December 31, 2013, $ 2.3 million was outstanding under the senior term loan, $ 9.0 million was outstanding under the mezzanine facility, and nothing was outstanding under the revolving line of credit.
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.
As of December 31, 2013, the Company had term loan facilities with a financial institution totaling $ 26.0 million consisting of a $ 14.0 million revolving line of credit, a $ 3.0 million senior term loan, and a $ 9.0 million mezzanine term loan facility.
For December 31, 2012 and 2013, the effective interest rates on the revolving line of credit and the senior term loan were 4.5 % and 4.0 % per annum, respectively.
RiceBran Technologies Receives Extension on Senior Secured Term Loan and Revolving Line of Credit with Great Elm Capital
Inventure entered into a new $ 60 million senior secured term loan and a new $ 30 million senior secured revolving line of credit with a syndicate of lenders led by U.S. Bank National Association pursuant to a Credit Agreement, a Security Agreement and certain other customary ancillary agreements to fund the purchase and re-pay two existing equipment term loans totaling $ 8.4 million and the existing revolving line of credit totaling $ 17.6 million as of Nov. 8.
SCOTTSDALE, Arizona, December 30, 2016 / PRNewswire / — RiceBran Technologies (NASDAQ: RIBT and RIBTW)(the «Company» or «RBT»), a global leader in the production and marketing of value added products derived from rice bran, today announced that the Company has received an extension on its senior secured term notes and revolving line of credit with Great Elm Capital due to mature on December 31, 2016.
The main differences between the loan and the line of credit lie in interest rates, which are variable for the lines of credit; and the repayment terms, which are revolving for the line of credit.
Terms — The Business Overdraft Credit Line is revolving, letting you carry a balance indefinitely, based on an annual review.
If a business term loan resembles a mortgage, a business line of credit is similar to a cash advance on a credit card, in that it is a revolving loan.
Kasasa Loans Disclaimer Loan Description: A Kasasa Loan is an innovative fixed rate, fixed term loan that provides consumers with an opportunity to lower their overall interest expense or create an open - end, revolving line of credit, by making payments that are in excess of the loan's scheduled monthly payments.
Credit cards are a «revolving line of bad credit» with no term limits.
The following negatives are an unfortunate reality for someone with poor credit seeking financing, whether a revolving line of credit, installment or short - term loan.
This covers inventory loans, term loans and revolving lines of credit.
Home equity lines of credit can only be compared to credit cards - revolving types of credit whose terms often vary.
Credit limits are established for revolving credit lines, like credit cards, that do not have fixed repayment terms.
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.
Over time, your revolving credit line can be paid down and then reused during your draw term, which is typically between 5 and 10 years, and you only pay interest during this time.
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.
The home equity line of credit's closest comparison is a credit card, with its revolving terms and conditions.
The home equity line of credit is a form of revolving credit where it is possible to negotiate terms according to prevailing circumstances.
As far as the account type code, CLS 47 Credit line secured — revolving terms; I don't think there's anything special about it.
What does «Credit line secured — revolving terms» mean and why did they put a green «OK» on that month?
Tried to look up what CLS means and only found [CLS 47 Credit line secured — revolving terms], on the Experian site, and nothing else anywhere.
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While this means these cards will generally have higher - than - average APRs and may come with extra fees, they can be more affordable than short - term loans and, as revolving credit lines, can be used and repaid more than once.
Not only do credit cards usually have lower interest rates than short - term loans, but they are revolving credit lines, so you can use them again once you've repaid the balance.
Credit cards are revolving credit lines intended for short - term financing of purchases and are designed to be paid off at the end of each statement cycle.
Subject to customary conditions, both the revolving line and the term loan can be extended for one year at the company's option.
Ramco - Gershenson Properties Trust closed a $ 360 million unsecured credit facility, including a $ 240 million revolving line of credit and a $ 120 million term loan.
OAK BROOK, IL — Inland American Real Estate Trust Inc., based here, has entered into a new, three - year $ 200 million unsecured revolving line of credit facility, and a four - year, $ 75 million unsecured term loan.
Under the new financing, BankBoston will provide a $ 12 million term loan and a $ 3 million revolving credit line.