Sign On
- $100,000 to $500,000 revolving credit line
- Interest-only payments
- Secured by business assets
- Typically businesses with $2-5 million in annual sales
Great For
- Short-term working capital expenditures
- Large purchases
- Making bulk purchases for pricing advantages
Other Features
- Competitive prime-based rates
- Unlimited access, up to line limit, during one-year draw period
- Renewable annually
Eligible collateral
- Secured by business assets (non-real estate); accounts receivable, inventory, equipment, or cash.
Fees
- Competitive origination fee; 0.50% of the line amount, due at opening
