Revolving Lines of Credit
Revolving Lines of Credit are short term loans that can be used for seasonal needs, purchasing inventory, trade discounts, accounts receivable, financing and working capital.
Features
- Maturities are available up to 12 months and can be reviewed annually.
- The amount of the loan and the type of collateral will determine the interest rate and fees.
- Monthly payments can be deducted automatically from your business checking account with us.
- The principal amount of your loan is due at maturity.
In general, revolving lines of credit are guaranteed by the principal business owners and secured with current assets. All existing loans at other banks will be paid off with your new loan.
For more information, contact one of our Commercial Lenders at (402) 330-0200, Monday through Friday 8AM-5PM Central Time, or contact us, so we can discuss your commercial lending needs.
