Business Advantage Credit Line
Business Advantage Credit Line is a line of credit for small businesses available in amounts up to $500,000. A Business Advantage Credit Line allows you to leverage the value of your real estate into a convenient, flexible line of credit for your business. Credit is immediately available when you need it just by writing a check.
$10,000 to $500,000
Unsecured limit is $50,000
|Term||12 months to 15 years, depending on collateral.|
|Collateral||Unsecured, savings, CDs, marketable securities, owner occupied commercial or residential real estate.|
|Statements||Monthly statements are sent only when there is activity on the account.|
|Repayment Options||Monthly payments of interest only or 1.5% of the outstanding balance.|