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Invoice-Backed LOC Loans
The invoice backed LOC loans, also known as asset-based LOC, are a line of credit loans that use the accounts receivable you have as collateral against the money that you are lent.
How a Credit Card Can Badly Affect your Credit?
High rates keep a cardholder paying off the debt they have owed for a relatively long time. This is because the interest adds up, and one ends up owing more than he or she originally charged.
Five Types of Line of Credit Loans
It is widely known that line of credit or LOC loans are an appealing option when it comes to the need for flexibility in a business’s growth.
Equipment-Backed LOC Loans
The majority of regular lenders check to see if you are a good investment based on past history because they rarely have collateral to balance against the loan you are trying to get.
Differences and Similarities between Personal Loans and Personal Line of Credit
Personal loans involve a fixed amount of money through a paid in one sum. These are generally used for one-time expenses. Unsecured personal loans need no collaterals.
Difference between a Subordination Agreement and an Inter-Creditor Agreement
A bank subordination refers to a procedure where the second lending company asks the first one if it will release a specific collateral class.
Applying for a Personal Line of Credit
A personal line of credit is a fine solution if you are unclear about the scope of your total expenses as a business.
Advantages of Business Credit Cards as a Line of Credit
A lot of business owners find they are stuck between the contending options of a line of credit vs. a credit card.
What you Need to Do to Be Eligible for a Line of Credit?
A working capital line of credit refers to anything but the funds which you may borrow from a lender to finance your operating expenses.
What to Consider before Applying for a Business Loan or Line of Credit?
Business owners have to be prepared to shop around prior to choosing between a loan and a line of credit.
