Lines of credit
Working capital for slow months and late invoices.
Draw what you need, when you need it, up to your limit. You pay interest only on what you've drawn, and the line renews each year while your business keeps it in good standing.
- Amounts
- $10,000 to $500,000
- Term
- Renews every 12 months
- Repayment
- Interest on what you draw
- Secured by
- Receivables and inventory
What it's for
- Covering payroll while invoices clear
- Stocking up before a busy season
- A cushion for the unexpected
What we look for
- Steady receivables
- Seasonal or uneven cash flow
- A year or more of statements
Recent requests
- Working capital for a print and sign shop
What your officer will ask for
- Business tax returns for the last two years
- This year's profit and loss statement and balance sheet
- Three months of business bank statements
- A list of the business's current debts
- For equipment: the vendor's quote or invoice