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2. Line of credit - Wikipedia

   en.wikipedia.org/wiki/Line_of_credit

   A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds. A financial institution makes available an amount of credit to a business or consumer during a specified period of time.

3. Personal loan vs. personal line of credit: What’s the difference?

   www.aol.com/finance/personal-loan-vs-personal...

   From a broad perspective, a personal loan and a personal line of credit ultimately serve a similar purpose. A lender lets you borrow funds based on an agreement, and you can use those funds as you ...

4. Home equity line of credit - Wikipedia

   en.wikipedia.org/wiki/Home_equity_line_of_credit

   However, because the collateral of a HELOC is the home, failure to repay the loan or meet loan requirements may result in foreclosure. As a result, lenders generally require that the borrower maintain a certain level of equity in the home as a condition of providing a home equity line, usually a minimum of 15-20%. [3]

5. What is a business line of credit and how does it work? - AOL

   www.aol.com/finance/business-line-credit-does...

   A business line of credit can help a small business owner cover short-term needs. ... What is the difference between a business loan and a business line of credit?Business loans are disbursed in ...

6. Does My Business Need a Line of Credit or a Loan? - AOL

   www.aol.com/lifestyle/does-business-line-credit...

   A line of credit and a loan are two common business financing tools that offer different ways to access capital. A loan provides a lump sum with fixed payments, while a line of credit offers ...

7. Types of business lines of credit - AOL

   www.aol.com/finance/types-business-lines-credit...

   The second type of business line of credit is an unsecured line, which doesn’t need collateral to back the loan. That makes it riskier for the lender, which is why business lines of credit ...