Ideal for small businesses in need of flexible financing for working capital to cover cyclical, short-term cash needs.
- Unsecured working capital line of credit with a minimum and maximum commitment amount of $10M and $25M, respectively
- Competitive introductory rate
- Three-year draw with a four-year term – 84 months total
- Line increase can only occur during the draw period
- Payments can be made at a branch or via online banking auto transfer
- Draws can be no less than $500.00 per increment, and can be done by phone or at the branch
- Draws are deposited directly into a customer’s deposit account and are available same or next day