Business Lines of Credit

If you occasionally need to temporarily increase your cash flow to purchase or restock inventory, make seasonal volume purchases or to take advantage of trade discounts, why not consider a commercial line of credit?

Here's how it works:

• Sign a note for a certain dollar amount. 
  • The repayment schedule usually calls for monthly interest-only payments with annual maturities.
    
    
• Draw 'as-needed' advances against the line. 
  • If the line of credit is 'revolving':
    you may borrow and pay back funds as often as needed up to the established dollar amount and maturity date of the note.
  • If the line of credit is 'non-revolving':
    you may borrow funds until you reach the line amount total and/or the maturity of the line.

If this sounds like something your business could use, please contact us!