Line of Credit
Get plenty of flexibility for all your short term business needs with a revolving credit line and convenient check access to funds. Credit line is continually replenished as balances are repaid – an ideal way to finance receivables, purchase inventory, raise working capital, and more.
Loans Amounts:
Up to $500,000; Minimum $10,000. Some limitations apply based on size and type of business.
Terms:
Up to 3 years, terms may vary depending upon line of credit amount
Interest Rate:
Variable; Prime rate plus a margin.
Loan Fees:
Annual loan fee: $100 for every $50,000 borrowed up to $100,000. Lines over $100,000 .25% of commitment amount annually
Quick decisions. Easy to apply
For approvals of up to $50,000, all we typically need is your completed application and:
- Three months of bank statements.
- Legal entity documentation
For larger credit lines and loans, additional information will be required.
For information on how you can apply today, click here.
All loans and lines of credit are subject to credit approval. Restrictions apply, see banker for details.