Business Lines of Credit

You’ll work directly with our Business Services Team, who will guide you through the process and answer any questions along the way.

Reach out to us at 800-447-7228 to get started.

A business line of credit provides flexible access to funds up to an approved limit. You can draw from it as needed and are charged interest only on the amount you use, making it a convenient option for managing ongoing business expenses and cash flow needs.

Business owners often use a line of credit to support day-to-day operations, purchase inventory, manage seasonal revenue changes, cover unexpected expenses, or take advantage of growth opportunities as they arise.

A secured business line of credit is supported by collateral such as commercial real estate, which may allow for higher credit limits or different pricing. An unsecured line of credit doesn’t require collateral but is approved based on factors such as credit history, financial strength, and overall risk profile.

Qualification is based on several considerations, including credit history, time in business, cash flow, financial performance, industry experience, and the ability to repay. Our local business loan advisors take the time to understand your business and help identify the right solution.

With a traditional business loan, funds are provided in a one-time lump sum and repaid on a fixed schedule. A business line of credit offers more flexibility, allowing you to borrow, repay, and reuse available funds as your business needs change.

You will need:

• A completed business loan application
• Business and personal tax returns for the past two years, including all schedules
• The business’s income statement and balance sheet
• A completed personal financial statement for each business owner
• A current business debt summary schedule

Additional documentation may be requested depending on the specifics of your loan request.