Are you searching for a flexible, convenient check into cash loan amounts option to handle cashflow?
The Loan Management AccountВ®В (LMA В® account) offered through Bank of America is a versatile credit line that may be used for every function. Whether you are looking to aid a member of the family, remodel your home, pay fees or cover training expenses, an LMA accountВ might help. With an LMA account, you will get money, consolidate some other outstanding loans if desired and gain a better image of your balance sheet.
Just how to make use of an account that is lmaв
You need to use the LMA account being a convenient solution to pursueВ a number of individual and company funding requirements, including:
- Private and investment real-estate purchases
- Luxury acquisitions
- Tax re payments
- Training costs
- Health expenses
- Debt consolidating
- Business or purchases
- Diversification for concentrated securities roles
- Emergency expenses
A Borrowing Strategy
An LMA accountВ is a secured credit line that utilizes your current securities, such as for example shares and bonds, as security. There are not any charges to determine, no minimal balance nor annual fee, to help you access funds since you need to. You have access to funds, generally speaking within one day’s approval. You have access to your credit by means of both fixed price and adjustable price loans. Your advisor that is financial can you decide on the loan terms that work most readily useful for the specific situation.
Find out more
Confer with your Merrill Lynch economic consultant about whether an LMA accountВ could be right for you.
Dangers of LMA Borrowing
Securities-based funding involves risks that are special. You need to review the LMA Loan Agreement and associated papers and disclosures very carefully and consult your own separate income tax and appropriate advisors. Continue reading