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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. Home equity line of credit - Wikipedia

   en.wikipedia.org/wiki/Home_equity_line_of_credit

   A home equity line of credit, or HELOC ( /ˈhiːˌlɒk/ HEE-lok ), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term ), where the collateral is the borrower's property (akin to a second mortgage ). Because a home often is a consumer's most valuable asset, many ...

4. 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 provides small business owners access to short-term funding. This credit line can help cover business expenses like paying your employees or purchasing inventory. Because ...

5. What can you use a business line of credit for? - AOL

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

   A secured line requires collateral, while an unsecured line does not. Your potential credit line depends on several different factors, but it is possible to secure a line as large as $3 million. A ...

6. Personal loan vs. personal line of credit: What’s the ... - AOL

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

   The difference comes in how you receive your funds. Borrowing a personal loan means receiving a lump sum when you are approved, while a personal line of credit functions similarly to a credit card ...

7. Warehouse line of credit - Wikipedia

   en.wikipedia.org/wiki/Warehouse_line_of_credit

   Warehouse line of credit. A warehouse line of credit is a credit line used by mortgage bankers. It is a short-term revolving credit facility extended by a financial institution to a mortgage loan originator for the funding of mortgage loans. The cycle starts with the mortgage banker taking a loan application from the property buyer.