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Using a Personal Credit Line for your Business: What you Need to Know
Oftentimes for a company, the flow of cash it has access to can fluctuate, and this applies to even well-established […]
How Do US Lenders Evaluate a Co-Signer?
Did you know it is possible to seek the help of a co-signer when you cannot meet time-in-business or revenue requirements placed by lenders? Even SBA loan requirements often include strong business financials, adequate collateral, and excellent personal credit.
Credit Cards vs. Personal Loans
Credit cards are a great option if you are in need of emergency funds. They offer a convenient option because chances are, they are already in your possession, and you will not have to go through a difficult application process before availing the fund.
Cons of Using a Personal Credit Line for your Business
Even for a well-established business, cash flow can ebb and flow. Whether or not you have money in the kitty, you have to pay your bills when they are due.
How Revolving Credits Are Different from Lines of Credit
In simple terms, both lines of credit and revolving credits are financing arrangements made between a lending institution on one side and an individual or business on the other. However, there are some key differences between the two.
Advantages of Personal Loans
A personal loan could be very helpful to meet a huge expense that needs to be paid off quickly. These are better than credit card cash advances or credit cards, as the former have lower interest rates.
Why People with Bad Credit Turn to Sources of Finance Other than LOC
Whether you want to spend on a pricey gourmet kitchen or you are dreaming of a vacation, an LOC (line of credit) represents an appealing financial resource. However, most lenders limit the flow of LOC amounts to borrowers with high FICO® credit scores and substantial assets.
A Comparison between Home Equity Line of Credit and Home Equity Loan
A home equity line of credit, also known as a HELOC, is a line of credit that revolves and provides you funds as per need. As in the case of a home equity loan, your own residence is used as collateral to avail this kind of loan.
A Basic Overview of the Top 3 Credit Bureaus
Although there are numerous credit bureaus in the US, three of them top the list of those that dominate the market in collecting, disbursing, and analyzing information on consumers in the credit markets. Mentioned below are the bureaus of major national significance.
The Difference between a Working Capital Loan and a Line of Credit
Working capital loans and lines of credit are two options which people have when trying to get funds for business operations. Deciding which is right for you demands taking many things into consideration. First of all, you will want to know the differences between the two.
