answersLogoWhite

0

Commercial lines of credit, likely referring to business lines of credit, is a type of program offered by banks that allows businesses a different way to access cash. They can provide short-term cash needs and working capital.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Do recorded mortgages need an amount?

No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument.No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument.No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument.No. Some are in the form of a credit line or commercial credit line and no amount is recited in the instrument.


How Much Will It Cost For Any Customer To Determine An Industrial Credit Line?

Well there is no fee to determine or conserve a commercial credit line.


What does it mean for an individual to have a personal line of credit?

Every individual has a line of credit. This line of credit is what determines your credit score and what will be used to approve or deny you credit cards or loans.


What are the types of credit instruments?

Line of credit, credit cards, notes , bonds, mortgages.A promissory note or written evidence of a debtor's obligation.


What is the difference between a credit line and available credit?

A credit line is the maximum amount of money a lender is willing to lend to a borrower, while available credit is the amount of that credit line that has not been used.


What happens when paying off an equity line of credit?

Nothing happens when you pay of an equity line of credit. The equity that you used for your line of credit is now safe.


What is the maximum credit access line available for this account?

The maximum credit access line available for this account is the highest amount of credit that can be borrowed or used.


What is a line of credit?

A line of credit is any credit source extended to a government, business or individual by a bank or other financial institution. A line of credit may take several forms, such as overdraft protection, demand loan, special purpose, export packing credit, term loan, discounting, purchase of commercial bills, traditional revolving credit card account, etc. Source: wikipedia.org


Does a home equity line of credit count against your equity when refinancing?

Yes, if you have used any of the credit available to you. For example, if you have used $10,000 of a $20,000 line of credit then you have to add that $10K to the balance of the total owed on the property.


Definition of seasoned trade lines?

A trade line is another term for a Line of Credit. A Line of Credit is a predetermined amount of funds your company can draw on to finance short-term need, such as a build-up of inventory for your busy season. Typically, a commercial line of credit must be paid to zero for some part of the year. It is not designed to be long-term credit. A seasoned line of credit or seasoned trade line is one that has been in existence long enough that the lender is comfortable you will pay as agreed based on your actual payment history. For many banks, a line of credit or trade line, paid as agreed for two years or more, is seasoned.


What roller coaster is used for the commercial free credit reportcom?

The roller coaster filmed in the new Free Credit Report commercial is the "Goliath" at Six Flags La Ronde in Montreal, Quebec.


How does one apply for a Chase home equity line of credit?

One may apply for a Chase home equity line of credit loan via the Chase credit website. A Chase home equity line of credit allows one to use their home as collateral for a variable-rate line of credit that can be used for a variety of purposes.