Loan vs. Line of Credit: An Overview
Loans and lines of credit are two different ways to borrow from lenders for both businesses and individuals. Approval for both loans and lines of credit (also referred to as credit lines) are dependent on their intended purpose, a borrower’s credit rating and financial history, along with their relationship with the lender.
Loans have what’s called a non-revolving credit limit, which means the borrower only has access to the amount loaned once, where they subsequently make principal and interest payments until the debt is paid off.
A line of credit, on the other hand, works differently. The borrower receives a set credit limit—just like with a credit card—and makes regular payments composed of both a principal and interest portion to pay it off. But unlike a loan, the borrower has continuous access to the funds and can repeatedly access it while it is
Culvert and bridge replacements on Reive Boulevard will help the Town of Innisfil meet its obligation to make improvements to the South Innisfil Creek Drain.
JUST THE FACTS:
• Work on Reive Boulevard includes bridge and culvert work and road improvements.
• The town received seven bids to complete the work, and chose Nuroad Construction Ltd., which submitted the lowest bid. The total awarded bid price is $4,693,708.
• The contract was awarded in the spring, and construction began in July.
• Road resurfacing and road safety improvements will be made on Reive Boulevard from the 4th Line south to meet up with the Ministry of Transportation’s ongoing work near Highway 89 and Highway 400.
In 2005, the town was issued an order from the Court of the Ontario Drainage Referee to make repairs to the South Innisfil Creek Drain.
Improvements at one culvert location will improve elevation,
During the coronavirus crisis, the Los Angeles Times is making some temporary changes to our print sections. The prime-time TV grid is on hiatus in print but an expanded version is available in your daily Times eNewspaper. You can find a printable PDF online at: latimes.com/whats-on-tv.
Help! I Wrecked My House In the premiere of this new home improvement series a couple set out to create their dream home, but their skill isn’t up to par, and they are stuck with projects they can’t finish. Host Jasmine Roth steps in to rescue their half-finished kitchen, bathroom and backyard. With Scott Cross. 8 p.m. HGTV
Coastal Elites Screenwriter Paul Rudnick wrote this satirical collection of monologues from contemporary characters