The announcement of a new credit line
for Iran investments follows several other recent moves in the same direction.
"319 million euros of this credit line
have so far been used by 1,583 small and medium enterprises, which have invested this money in just as many projects thus creating 6,441 jobs," said Finance Minister Zoran Stavreski.
Home equity credit lines
, commonly referred to as HELOCs, typically are second mortgages structured as open lines of credit up to a stated limit.
Some financial institutions offer credit lines
that are outside the traditional cash advance model.
The bank said that it is cutting the credit lines
because of adverse financial conditions.
Our solution has been to set up subsidiaries overseas with partners who can provide necessary credit lines
and consequently move HQ operations offshore.
If premium financing were not available, a company would have to dip into its bank credit lines
to pay its insurance premiums and would have less cash available for routine business needs such as funding accounts receivable.
A credit line
can work for some companies, provided that the money is used for a purpose supported by the company's business plan.
Leader specializes in obtaining short, medium and long-term financing and credit lines
for its clients at the lowest prevailing interest rates.
Seasonal fluctuations go hand in hand with credit lines
. It is typical to see the highest credit lines
just before and during the busy season when a company builds inventory but has not yet collected the sales from the busy season.
surfaced when they chose to draw down bank credit lines
because they couldn't raise money through the sale of short-term debt.