Designed to meet the unique needs of businesses like yours, the Secured BusinessLine line of credit gives you the flexibility to:
- Access to up to $100,000 cash for any business purpose quickly and conveniently.
- Allows customers to preserve savings while having access to working capital.
- Streamline expense tracking by keeping your business and personal expenses separate.
|Ideal For||New or existing businesses with a Wells Fargo savings account or CD looking for a low-cost financing solution to supplement cash flow, while preserving savings.|
|How it Works||Get fast, convenient access to up to $100,000 cash without fees1 when you use free personalized Secured 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 $5,000 to $100,000|
|Terms||Revolving line of credit.|
|Collateral||Wells Fargo savings or CD account.|
|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.
New, first-time Business Bill Pay users will not incur monthly fees for two months, starting the month you make your first payment with the service. Monthly fees are $6 per monthly billing cycle beginning the first month you make a payment (includes 25 payments; each additional payment costs $0.40). Monthly fees are waived when you have a qualifying checking account or maintain at least $25,000 in combined balances in your qualifying business and personal accounts at all times. For more information about eligible and qualifying accounts, read our Bill Pay Fee Waiver. Charges may apply for same-day payments. Account fees (e.g. monthly service, overdraft, excessive usage) may apply to the account used to make Bill Pay payments. For more information on account fees, please refer to the account agreement you received when you opened your account.