Business Lines of Credit

Our Business Line of Credit can help you manage short-term cash flow fluctuations caused by seasonal peaks and lulls, large orders, or expansion. And through your Private Business Banker, it's easier than ever to apply for.

• Line of credit commitments are generally in amounts from $15,000 to $500,000 or more, based upon business needs and repayment capacity.
• Terms are for 12-month periods, subject to annual review/renewal.
• Repaying is interest only, payable monthly; principal is due at maturity or on demand.
• Pricing is a variable interest rate based upon a margin, typically 1% to 3% over the WSJ Prime, subject to daily or monthly adjustments.
• Origination and annual renewal fees range from 1/2% to 2% of line of credit amount.
• Collateral is typically a general lien on business assets, primarily accounts receivable and inventory.
• Personal guarantees are expected from each individual who owns 20% or more of the business.