A small business line of credit
is a financial tool that shares similarities with a business credit card.
It would be recalled that the procurement of busses - 300 double-decker, 100 single-decker and 50 articulated - was one of the successful projects implemented under the 1st Line of Credit
has been ranked by J.D Power US Home Equity Line of Credit
Satisfaction Study as highest in customer satisfaction with home equity line of credit
(HELOC), the company said.
Assuming a line of credit
is not defaulted on, this will have no consequence in the long run as the provision will be reversed once the line of credit
is fully settled.
Personal Line of Credit
is a personal loan that allows consumer to use any amount within the assigned limit and pay interest on the amount withdrawn.
Noting that a separate eight-billion-euro line of credit
was recently signed with South Korea, he said, "These lines of credit will led to further investment and a rise in production and employment in Iran."
* A $2.2 million first mortgage and $250,000 line of credit
for 266 Pelham Road Corporation, a 57-unit co-op at 266 Pelham Road in New Rochelle, NY;
"The expanded capacity on our holding company line of credit
recognizes our accelerating financial performance and the continued strength of our balance sheet," said Steven Sugarman, Chairman and Chief Executive Officer of Banc of California.
The line of credit
may look like the examples in the Exhibit.
The new line refinances and replaces a S15 million line of credit
previously provided by a different bank and is priced at an improved interest rate of 3.25 percent plus London interbank offered rate (LIBOR), subject to certain terms and conditions.
Andrew J Welch, the company executive vice president and chief financial officer, said 'The terms of the new line of credit
are more favourable than the repaid loans, with a lower interest rate, an extended maturity date and the efficiency of a revolving line of credit
, which provides greater flexibility to manage our balance sheet while negotiating and consummating strategic hotel acquisitions.'