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Business Services - Lines of Credit
Ideal for businesses in need of working capital. Businesses can borrow, repay and borrow again up to the maximum credit balance, until the expiration date of the line.

  • Variable interest rate tied to prime
  • Use as needed
  • Can borrow as often as you wish, up to a pre-established limit
  • Principal can be paid back at any time
  • Interest is billed monthly based on usage
  • Can be unsecured or secured by short-term assets
  • Payable on demand, but renewed annually
  • No usage or annual fees
  • May contain 30-day clean-up provision or revolve up and down seasonally
  • Easy access