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Lines of Credit

A line of credit is a sound way to satisfy short-term needs, such as increases in working capital, accounts receivable financing, or to provide funds to develop land, start construction, or purchase inventory. They can even be helpful when you're not sure of the exact timing or extent of your need, as you only use the approved funds when you need them.

Summary

Pay interest only on what you use
Favorable rates with enhanced flexibility
Variable or fixed rates available
Terms are typically a year, but longer commitments are possible
Once approved, access funds without reapplying
Perfect for short-term capital needs and seasonal fluctuations
Assist your company in managing business expansion