Business Lines of Credit

Your Financial Safety Net

Linked directly to your business checking account, this line of credit* will provide you with back-ups of cash when you need it and overdraft protection for your account.

It Will Help You...

Save money with a low fixed rate.

Save time by sporting a fast application and approval process.

Have peace of mind knowing you have overdraft protection on your checking account and can readily access cash when you need it.

Secure a loan amount of anywhere from $500 to $50,000.

* You must have a Business Checking Account to open a Business Overdraft.

Lines of Credit Options

Overdraft Plus

Provides ready access to cash and overdraft protection.
Loan Amount: $500 - $2500.
Interest Rate 10.50%.
Due Date: Last day of the month.
Late Charge: $15.
Payment Type: Auto Pay.
Payment Amount:
- $50 on balances up to $1500.
- $100 on balances over $1500.
Prepayment Penalty: N/A.
Application Taken By: Branch.
Requirement(s): Business Checking Account.
Additional payments can be made in person, mail, online banking, mobile banking, or by calling the call center.

Overdraft Line

Provides ready access to cash and overdraft protection.
Loan Amount: $2500.01 - $50,000.00.
Interest Rate: 8.90%.
Due Date: Twenty-fifth of the month.
Late Charge: $15.
Payment Type: Auto Pay.
Payment Amount: 3% of balance or $20/whichever is greater.
Prepayment Penalty: N/A.
Application Taken By: Branch.
Requirement(s): Business Checking Account.
Additional payments can be made in person, mail, online banking, mobile banking, or by calling the call center.

Business Lines of Credit

Can be secured or unsecured.
Loan Amount: $2500.01 - $50,000.00.
Interest Rate: Variable and is determined at the time of loan approval and is based on cash flow, credit, and other factors.
Due Date: Fifteenth of each month.
Payment Type: Can have Auto Pay, but Auto Pay is NOT required.
Prepayment Penalty: N/A.
Application Taken By: Branch.
Requirement(s): Business Checking Account.
Additional payments can be made in person, mail, online banking, mobile banking, or by calling the call center.
Interest only payments.
Must pay down at least once a year.
Renews every one, two, three, four, or five years (determined at the time of loan approval).
Does NOT link directly to an account and can be accessed by withdraw at a branch or transferring via Online Banking.