Personal Lines of Credit

Do you need funds for your children's education, to improve a home or buy a second one, or to finance a new business venture? Perhaps you've thought about liquidating assets for a large tax payment, to purchase additional investments, or to make a large purchase or a charitable donation.

For many people, personal credit comes in the form of unsecured personal bank loans and credit cards. These forms of credit often come with annual percentage rates of 18% or more. The rates are high because no collateral is put up to secure the credit. Too often, the asset side of the balance sheet is overlooked as a solution to financing needs. In many cases, appropriate securities-based or home-equity-based financing could cut the cost of credit significantly.

Clients can use securities-based credit to provide a ready source of funds to meet virtually any financing need they may have. This credit is collateralized by eligible securities and offers interest rates generally much lower than those on personal loans. Of course, pledging securities as collateral involves special risks of which you need to be aware.

While there are some downside risks involved, leveraging your assets through securities-based financing may facilitate part of your long-term financial plan. Or it may be a means to increase liquidity for you or your business. And you may be able to use such nontraditional collateral as concentrated or collared stock positions, or restricted shares.

If you would like to consolidate existing consumer debt into a single payment, make major purchases or help fund your children's education at potentially tax-deductible interest rates lower than most credit cards and personal loans, home-equity loans may offer an attractive solution. Establishing a home-equity loan or line of credit can be a smart, tax-efficient approach to meeting your present and future credit needs.

Whatever your personal financing needs, you want to access funds easily and cost-effectively. A strategic personal financing strategy as part of your long-term financial plan can help you achieve your goals without sacrificing the growth potential and value of your assets.

Business Lines of Credit

Small Business Lines of Credit

Most businesses use a secured line of credit to finance seasonal or other short-term needs (such as buying inventory during a busy season). It can also be used for working capital, for equipment purchases and the like.

• Check access (for lines up to $100,000 only).
• Monthly billing (interest usually only accrues on outstanding balance).
• The ability to pay down or re-borrow.
• Variable interest rate.

Mid-Sized and Large Business Lines of Credit

Your line can be used to help your business with:

• Short-term or seasonal working capital
• Receivables or inventory financing
• Cash flow management
• Line amounts:
• Secured: up to $1,000,000
• Unsecured: up to $100,000
• Revolving line of credit
• Convenient repayment terms
• Access to your line of credit by check, banking center advances, or telephone transfers
• Overdraft protection for multiple checking accounts
• Interest rate reduction with convenient automatic payment
• Fixed or variable interest rates
• Collateral options:
• Bank of America CD or savings
• Marketable securities
• Unsecured

For more Information on larger loans and lines of credit please give an Allegiant Financial loan specialist a call at 1-866-672-1222