PHOTO (1--color) Frank Sheftel, The Candy Factory's owner, was shocked when Great Western denied him a line of credit
This type of loan also allows businesses to take advantage of special discounts offered by suppliers or to gear up for a special sales effort, such as a seasonal line of credit
For instance, the survey indicates that the mean balance outstanding on a traditional closed-end loan is about one and one-half times the average balance on an active home equity line of credit
Among those business owners planning to take out a bank loan or line of credit
to manage their business, 83% also plan to place a heightened focus on better servicing customers, 70% plan to make investments in the business, 69% plan to cut expenses, 60% plan to cut back on personal spending, 43% plan to raise process and 40% plan to add staff.
4 million first mortgage and a $1 million line of credit
for Manor Towers, a 190-unit co-op located at 3671 Hudson Manor Terrace in Riverdale, NY; a $2.
Our new structure gives us the capital to fund our growth, as evidenced by our new line of credit
and the marketing and publication funding of our novels.
5 million first mortgage and a $500,000 line of credit
for a 154-unit co-op located at 11 Sentry Road in Scarsdale, NY; a $4 million first mortgage and a $500,000 line of credit
for a 97-unit co-op located at 740 East Broadway in Long Beach, NY; a $3 million first mortgage and a $500,000 line of credit
for a 72-unit co-op located at 210 East Broadway in Long Beach, NY; a $1 million line of credit
for a 20-unit co-op located at 205 West 19th Street in Manhattan; and a $750,000 line of credit
for a 136-unit co-op located at 315 East 69th Street in Manhattan.
First Commercial Bank of Huntsville has been our banking partner for two years and we are delighted to renew our line of credit
and add $1 million to the line," stated Gary Ryan, president of Digital Fusion.
Howe originated the largest loans of the month with a $13 million first mortgage and a $2 million line of credit
for a 234-unit co-op located at 720-730 Fort Washington Avenue in Manhattan; a $13 million first mortgage and a $2 million line of credit
for a 375-unit co-op located at 165 West 66th Street in Manhattan and a $7.
Installment Loan Skip-A-Payment - Customers in affected areas who need to apply to skip a payment on their AmSouth home equity line of credit
should call 1-800-290-5358.
Among other deals, NCB's senior vice president Sheldon Gartenstein originated a $2 million first mortgage and a $200,000 line of credit
for a 19-unit condop located at 140 Fifth Avenue in Manhattan; a $1.
for a revolving line of credit
of up to $4 million, which will supplement the existing line of credit
provided by Silicon Valley Bank.