Tag: line of credit
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Unleash the equity in your house with a HELOC
Posted On: November 23, 2021 by Falcon National Bank in: Your Financial Life | Personal Banking
Do you have home-improvement projects you are wanting to tackle but don’t have the excess cash readily available to do so? A Home Equity Line of Credit (HELOC) may be the perfect solution for you. A HELOC is a revolving loan that is secured by your house. It allows you to leverage the equity that you have in your house to gain access to funds to use for home-improvement projects, such as home renovations, debt consolidation, emergency expenses etc... HELOCs are a variable rate loan. You...
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Choosing Between Business Credit Cards and Business Lines of Credit
Posted On: June 8, 2021 by Falcon National Bank in: Manage your Business | Business Banking
Have you ever heard or repeated the phrase, “You have to spend money to make money”? If so, you might be the owner of a small business. Access to a business line of credit allows small businesses to execute daily functions, cover daily expenses, purchase inventory, hire staff, and much more. Business owners know that keeping a company’s ship afloat means understanding cash flow and profits–it’s not all about how much you have in the bank at one time. Fortunately,...
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Why your Business (big or small) should have its own Business Line of Credit
Posted On: January 7, 2020 by Falcon National Bank in: Manage your Business | Business Banking
Starting your own business is a huge personal feat. It’s not until months or maybe years later when you realize how wrapped up your business and personal finances have become. Not only is it important to have separate business and personal bank accounts, but it’s also important to have a line of credit devoted specifically to business expenses. Most individuals assume they should open a business credit card, when in reality, a business line of credit is a better option for them. Establishing...
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