Sentences with phrase «unsecured locs»

Many banks also offer unsecured LOCs on a checking account which they sometimes call «overdraft protection».

I have been actively looking into getting an unsecured LOC in the States.

I've surfed around and it DOES look really hard to find an unsecured LOC with a reasonable rate in the US... Anyone else have any ideas what this is about?

It usually is difficult to get an unsecured LOC approved unless you are a well - established business or an individual with an excellent credit rating.

I have an unsecured LOC in my LLC's name with a personal guarantee.

My other unsecured LOC is with my community bank and I think I started 20 years ago with 50k its now substantially higher.

It will based on your personal credit only if you gave theme your ssn # and PG, but you could give your duns # and other info and get unsecured LOC if your profile settled up right!

@Ryan Murphy normally unsecured LOC s with your local commercial bank is very much relationship based..

Not exact matches

By the way, beyond traditional LOCs, they also exist in other forms, both secured and unsecured.

Go into your local bank, and set up an unsecured line - of - credit (LOC).

2 Unsecured Business Line of Credit — This type of LOC does not require specified assets as collateral — however a general lien and personal guarantee will likely be required.

A LOC is unsecured and thus far more favorable for the borrower.