Business Line of Credit

    You’re busy running a business. You shouldn’t have to chase after a loan anytime you need financing — whether it’s for working capital or seasonal needs. A business line of credit is unique because, as revolving credit, you don’t have to reapply to continue using it.

    With accommodating repayment terms and low-rate interest that’s only paid on what you’ve used, the possibilities to take advantage of new opportunities are endless.

    Summary
    • Competitively low rates for a wide range of long-term or seasonal business needs:
      • Expedite inventory purchases
      • Manage accounts receivable
      • Arrange for seasonal needs and fluctuations
      • Capitalize on trade discounts
      • Smooth out purchase/collection cycles
      • Boost working capital
      • And more!
    • Repayment terms designed to suit your business’s needs
    • Funds available right as you need them; apply once, then use again as needed thereafter
    • Revolving credit – as principal is repaid, more becomes available for use
    • Only pay interest on the part that’s used
    • Direct, anytime access to funds:
      • Write a credit line check at any time
      • Make withdrawals at the bank
      • Schedule an online banking transfer
    • Local decision-making and processing
    • Friendly Middle Tennessee service from start to finish