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Working Capital Lines of Credit
We offer Working Capital Lines of Credit tailored to your unique financial needs, including:
• A single purpose line of credit. These advances are to support a customer's special one-time need.
• A seasonal line of credit. These credit facilities are generally used to finance inventory and accounts receivable buildup associated with seasonal business activity.
• A revolving line of credit may be used to finance receivables, inventory or current operating expenses. The specific terms and structure can be tailored to the borrower's unique financial needs.
Business reserve lines of credit are tied to the customer's checking account and are activated by writing a check on the account. Interest is charged daily on the outstanding balance.
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