Sentences with phrase «works as a line of credit»

@Evan, a HELOC works as a line of credit (which means that you can borrow money at any time without having to go at the bank).

Not exact matches

«There's lots of additional content to consider, such as everyday savings offers, general business advice and the availability of things like working capital lines of credit and installment loans,» says Richard Tambor, senior vice president and general manager at New York City - based American Express Business Finance.

Current liabilities include notes payable on lines of credit or other short - term loans, current maturities of long - term debt, accounts payable to trade creditors, accrued expenses and taxes (an accrual is an expense such as the payroll that is due to employees for hours worked but has not been paid), and amounts due to stockholders.

In this scenario, a company may turn to traditional financing options to bolster its working capital such as loans, lines of credit or cash advances.

As you work through the application, make sure to gather account statements on your existing mortgage, car loans, student loans, home equity lines of credit and any other debts.

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.

While the latter is ratcheted up, to the Guards» credit, their film not more of a supernatural horror film but a psychological thriller along the lines of the original, and it almost works as its own thing, mostly thanks to Banks (obviously relishing the chance to play against type) and the talented young lead actresses.

Hong doesn't get enough credit in the Kung Fu Panda series even though he provides excellent voice work while stars such as Seth Rogen, Lucy Liu, David Cross and Jackie Chan are inexplicably there to contribute a couple lines of dialogue and some grunting noises for fights.

After working with the Southwest Region SBTRC, Servitek successfully acquired a $ 250,000 line of credit, secured an aggregate bonding level of $ 5,000,000 and was awarded an $ 821,000 contract as a Prime Contractor.

It works best as part of a long - term financial plan and it requires more thought than simply taking out the new loan or line of credit.

A personal line of credit works as a close cousin of home equity line of credit, although with LOC, you do not need collateral to draw your funds.

Another anti-fraud strategy is to take out a secured line of credit on the home once the mortgage is paid off, which works along the same lines as the extended mortgage, he explains.

I haven't run through it and I'm at work so I probably can't, but what if you use the smith to gain dividends from a HELOC and all the dividends go in to your TFSA and get reinvested in there, after that gains some momentum you can then use this as collateral to secure an additional line of credit to snowball your smith to new higher heights.

Initially, you'll need to assess what you need the loan for (equipment, real estate, working capital, business expansion, etc.) as this will also inform what type of loan or line of credit you need to apply for.

Lines of credit are better for ongoing working capital expenses, such as purchasing food and beverage inventory or making payroll.

Once a home equity line of credit is applied for and approved, the homeowner works with the specific lender to service the HELOC and make payments as agreed.

A home equity line of credit, sometimes referred to as a HELOC, works similarly to a credit card in that homeowners can access the money they need when they need it, with few limitations.

◊ Through no fault of ours, you do not have available funds to complete the transfer; ◊ The transfer goes over the credit limit on your overdraft line; ◊ The terminal or system you are using is not working properly; or ◊ Circumstances beyond our control (such as a flood or fire) prevent the transfer despite reasonable precautions we have taken.

Another aspect that some borrowers see as a perk is that the line of credit option has a growth feature, which means that the unused balance grows over time, working to maximize your borrowing potential.

Having left it so long, and having no time to do the work yourselves, your best option is to find a good bookkeeper / accountant and provide them with as much detail as you can regarding the transactions of the business for all outstanding years, especially income deposits (your financial institution should be able to provide you with those records) and expenses (check credit cards, lines of credit, talk to suppliers for receipts, check your calendar to create auto distance logs, etc..)

Restoring your credit by taking out a loan can work, but it seems to take longer than re-establishing credit by getting a form of revolving credit such as a credit card, line of credit, or overdraft.

If you're looking for a working capital line of credit, Kabbage is a great option as there are no credit requirements to qualify.

Footnote 2 How a HELOC works With a HELOC, you're borrowing against the available equity in your home and the house is used as collateral for the line of credit.

Once you have worked out the terms of your bad credit payday loan, make sure you repay the loan as you agreed, to establish a credit line.

With online line of credit loans, you'll work with a lender who sees you as more than just a credit number.

What should happen is as the business grows and brings in profits, owners should work to establish and build business credit, so they will have more options when it comes time to secure affordable business loans and lines of credit.

Instead of receiving a lump - sum, you'll be able to draw on your line of credit as needed, making it a good option for working capital or seasonal needs.

Although the cash you borrow from a line of credit adds to your working capital or cash flow, it is not counted as income for tax purposes.

A business line of credit works much the same way as a revolving credit card account.

Our Standard Overdraft Services work with our Overdraft Protection Plans, such overdraft coverage from another small business savings or checking account or from a Business Line of Credit, and serves as a backup by allowing us to consider authorizing and paying items into overdraft when the transaction can not be fully covered by the overdraft protection coverage.

A line of credit is often used by workers who have a varied income, such as a salesperson who works on commission or an independent contractor.

As a form of revolving credit, a home - equity line of credit works much like a credit card and, in fact, sometimes comes with one.

The business line of credit works similar to a credit card or a home equity line of credit, and that you are granted a line of credit which you can access as needed.

Personally I don't like to have one since I'd rather rely on line of credits but that said, we usually have around $ 3000 in our accounts — I normally think of this as a «cash buffer» rather than an emergency fund but it kind of works out to the same thing.

While not as eclectic as Bali's other resort destinations, the boutique - lined and art market - filled Ubud area for instance, or Kuta and Seminyak on the island's south, visitors will still find plenty of ways to put the credit card to work.

But I'm a 100 - Night Platinum, and I enjoy the benefit of having an Ambassador as well as the 75 - Night perks like YOUR24 (when it works) that allow me to get to the hotel and right into my room when I occasionally show up at odd times thanks to global flight connections (like arriving in Europe or Asia first thing in the morning), so having the elite stay / night credit from both cards is a real boost to my bottom line.

If you don't use outside manufacturers, something as simple as a line of credit with your water supplier can work to start building business credit.

But it's actually taking away our power as citizens... If there's one silver lining to the environmental crisis facing us, it's that we now understand exactly the kind of work we need to do to save the planet — and it doesn't involve a credit card.

Indeed, in a law firm with very high capital - account requirements, the partner capital can serve the same role as the working line of credit from a bank.

Another aspect that some borrowers see as a perk is that the line of credit option has a growth feature, which means that the unused balance grows over time, working to maximize your borrowing potential.