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Most small business credit cards require a personal guarantee, meaning you become personally responsible for any debt that your business cannot pay off. This is why credit card issuers often check ...
A business line of credit is a popular alternative to an LLC loan. Like a credit card, a business line of credit allows you to take out money as needed, up to the limit set by your lender. Then ...
Personal guarantee: This statement guarantees that you can repay the loan from personal assets if necessary. Other business debts: Lenders will look at your other debt obligations compared to your ...
A personal guarantee is a promise made by a person or an organization (the guarantor) to accept responsibility for some other party's debt (the debtor) if the debtor fails to pay it. In the case of a personal guarantee made by an individual on behalf of another, the person who makes the personal guarantee is usually referred to as a co-signer ...
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
Accepted payment methods. Credit or debit cards. American Express; Visa (credit or debit) Discover (credit or debit) MasterCard (credit or debit) PayPal (for most online purchases) Direct debit is no longer available for active accounts, however, it can be used to pay past due balances, with a $7 fee. Entering your payment info. When adding a ...
On the other hand, secured business lines of credit may have much lower credit limits than unsecured business loans or lines of credit. For example, some banks might limit a secured line of credit ...
Card-not-present transactions are a major route for credit card fraud, because it is difficult for a merchant to verify that the actual cardholder is indeed authorizing a purchase. If a fraudulent CNP transaction is reported, the acquiring bank hosting the merchant account that received the money from the fraudulent transaction must make ...