Designed to meet the unique needs of businesses like yours, the BusinessLine line of credit gives you the flexibility to:
- Access to up to $100,000 cash for any business purpose quickly and conveniently.
- Save on interest and fees since this unsecured line of credit offers great cash rates and no
cash advance fees.
- Streamline expense tracking by keeping your business and personal expenses separate.
|Ideal For||Established (at least 2 years old) businesses looking for an unsecured financing solution to supplement cash flow, take advantage of unexpected business opportunities, expand your business or cover for any business expenditure.|
|How it Works||Get fast, convenient access to up to $100,000 cash without fees1 when you use free personalized BusinessLine checks to pay vendors or employees, make larger purchases and more from your line of credit account.|
Or, access your line of credit with the BusinessLine® MasterCard® access cards and make business purchases at retailers, online and anywhere else MasterCard is accepted. Get up to four personalized access cards, so all owners of your business can access your line of credit.
|Does it work for you?||Ask a Business Banker. Call 1-800-416-8658.|
|Credit Amount||Lines of credit from $10,000 to $100,000.|
|Terms||Revolving line of credit.|
|Interest Rates||Prime2 + 1.75% to Prime2 + 9.75% depending on credit evaluation (interest charged only when account is used).|
|Minimum Payment||Equal to the sum of Finance Charges, Bank Fees, Other Charges plus 1% of your New Balance; rounded to the next higher dollar, with a $50 minimum. However, if the New Balance is less than $50, the entire New Balance is the Current Payment.|
|Collateral||None needed — this is an unsecured line of credit.|
|For More Information|
|How to Apply|
Wells Fargo and the Small Business Administration have partnered to provide businesses with secured SBA-backed financing options. Choose from several loan options and get access to up to $4 million in funding for your small business. For more information, call 1-866-838-5051 ext. 4499.
1 A cash advance fee of 3% of the amount of the advance ($10.00 minimum, no maximum) applies to cash advances using an ATM or over the counter using the BusinessLine access card (MasterCard). No cash advance fee applies to using BusinessLine checks or moving funds online or by phone.
2 Prime refers to Wells Fargo's announced Prime Rate, which was 3.25% as of February 1, 2015. If credit is granted, your credit limit will be in an amount up to $100,000 and your rate will be between Prime + 1.75% to Prime + 9.75% depending on your business and personal credit evaluation. The interest rate that you are assigned will remain in effect, unless a default occurs under the Customer Agreement or we exercise our right to change the terms of the account.
Business Bill Pay is free of monthly service fees. Charges may apply for Wells Fargo Same Day Payments ServiceSM. Please refer to the Online Access Agreement for fees associated with our online services. Account fees (e.g. monthly service, overdraft) may apply to the Funding Account. For more information on the account fees, please refer to the account agreement you received when you opened your account.
Terms for credit products are subject to final credit approval of the business and its owners. A physical address is required to receive a Wells Fargo business credit product. You must be an owner of this business and not already have this product. See Terms and Conditions for details at account opening.
Wells Fargo Bank, N.A. Member FDIC.