U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics > Business
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 04-02-2013, 02:43 AM
 
Location: New York
12 posts, read 13,905 times
Reputation: 10

Advertisements

Hello,


I want to know what is business line of credit..?

Please reply me briefly guys!!


Thanks
Rate this post positively Reply With Quote Quick reply to this message

 
Old 04-02-2013, 06:43 AM
 
Location: Manhattan
22,917 posts, read 30,815,835 times
Reputation: 10819
A business line of credit is a committment from a bank to allow a business to borrow up to a certain specified amount.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-03-2013, 09:13 AM
 
Location: The Triad (NC)
31,168 posts, read 67,997,524 times
Reputation: 36999
Quote:
Originally Posted by williamjames732 View Post
I want to know what is business line of credit..?
Do you know what a line of credit is? LINK

Do you know what a "business" is? This one is more complicated.
Combining the two requires that the legal status of the "business" be more than a DBA.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-28-2013, 05:07 PM
 
6,000 posts, read 9,496,609 times
Reputation: 5317
Has anyone else encountered the requirement that one have a zero balance on the business LOC for at least thirty days each year? Federal regulators are apparently now enforcing this rule.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-30-2013, 11:32 AM
 
Location: Denver
4,566 posts, read 10,086,125 times
Reputation: 3927
Quote:
Originally Posted by creeksitter View Post
Has anyone else encountered the requirement that one have a zero balance on the business LOC for at least thirty days each year? Federal regulators are apparently now enforcing this rule.
No. I just paid ours off but it had a balance for a few years. I've not seen anything from Wells Fargo either regarding that rule.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Business
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top