Access funds when you need them with a revolving line of credit. Perfect for managing cash flow, seasonal inventory, and unexpected opportunities.
Choose the right line of credit structure for your business. From seasonal needs to ongoing working capital, we have flexible options.
* APR based on creditworthiness and line type. Subject to approval.
We establish a credit limit based on your business financials and credit history.
Access your line of credit anytime through online banking, checks, or a linked account.
You're only charged interest on the amount you've drawn, not your full credit limit.
As you repay, those funds become available again. It's a revolving source of capital.
Stock up for seasonal demand or take advantage of bulk purchase discounts.
Bridge the gap between accounts receivable and upcoming expenses or payroll.
Handle unexpected repairs, equipment failures, or urgent business needs.
Act quickly on time-sensitive opportunities like discounted supplier offers.
Ensure consistent payroll during slow seasons or between large client payments.
Cover unexpected maintenance and repairs without disrupting operations.
| Features | Line of Credit | Term Loan |
|---|---|---|
| How It Works | Revolving credit - borrow, repay, borrow again | Lump sum upfront, fixed repayment schedule |
| Interest | Pay only on amount you use | Pay on full loan amount from day one |
| Best For | Ongoing, unpredictable, or seasonal needs | One-time purchases, expansion, major investments |
| Repayment | Interest-only or principal + interest options | Fixed principal + interest payments |
| Access to Funds | Ongoing during draw period | One-time access at closing |
| Credit Limits | $5,000 - $250,000 | $10,000 - $500,000+ |
| Renewal | Annual renewal typically required | New application for additional funds |
A secured line of credit is backed by business assets such as accounts receivable, inventory, or equipment. This reduces risk for the bank, allowing for higher limits and lower rates.
An unsecured line of credit is based primarily on your business credit strength and cash flow. No collateral is required, making it a faster option for qualified businesses.
Designed specifically for businesses with seasonal revenue patterns. Higher limits during peak seasons and flexible repayment during off-seasons.
Once approved, funds are available immediately through online banking.
Variable rates based on prime with relationship discounts available.
Use it, repay it, use it again – your credit line refreshes as you pay.
Most lines of credit have no annual fee – you only pay for what you use.
A line of credit typically offers higher limits and lower interest rates than a credit card. Funds can be accessed via check, online transfer, or linked account – not just through card swipes. Lines of credit are ideal for larger business expenses, while credit cards work well for everyday purchases and smaller transactions.
Credit limits range from $5,000 to $250,000 depending on the type of line, your business financials, and credit history. Secured lines backed by collateral typically offer higher limits. We'll work with you to determine the appropriate limit based on your needs and qualifications.
Interest is calculated daily on the outstanding balance and billed monthly. You only pay interest on the amount you've actually drawn, not your full credit limit. Rates are variable and based on the prime rate plus a margin determined by your creditworthiness.
Unsecured lines of credit can often be approved within 24-48 hours with complete documentation. Secured lines may take 3-5 business days while we evaluate collateral. Once approved, funds are available immediately through online banking.
While not strictly required, having your primary business checking account with us strengthens your application and may qualify you for relationship pricing discounts. It also makes managing your line of credit easier with instant transfers between accounts.
Yes! There are no prepayment penalties on any of our business lines of credit. You can pay down the balance at any time, and those funds become available again for future use. Making regular payments can also help improve your credit standing for future needs.
APR = Annual Percentage Rate. Rates shown are estimates and based on qualified borrowers. Your actual rate may vary based on creditworthiness, line type, and relationship with the bank. Variable rates may increase or decrease based on market conditions.
Example: A $50,000 line of credit at 7.99% APR with a $20,000 average monthly draw would have estimated monthly interest of $133. This example is an estimate only.
All lines of credit subject to approval. Terms and conditions apply. Annual renewal required. Member FDIC.