Business Lines of Credit
A revolving credit line provides your company with access to funds when you need it: immediately. Once the line of credit has been established, you can tap into the funds without re-applying. The credit line is typically secured with current assets of the company. Repayment can be made all at once, with multiple payments, or by established minimum monthly payments.
Details
- Competitive rates for a wide range of long-term or seasonal business needs:
- Seasonal fluctuations
- Inventory
- Capitalize on trade discounts
- Working capital
- Ongoing updates
- And more
- Provides greater financial flexibility
- Repayment customized based on your business's unique needs
- Funds available right as you need them; apply once then use again as needed thereafter
- Revolving credit – as principal is repaid, more becomes available for use
- Only pay interest on the part that's used
- Funds are easily accessible via check
- Quick, local decision-making and processing
- Attentive, friendly service from start to finish
