Lines of Credit

Traditional Line of Credit

A line of credit that is always there when you need it, providing vital capital for day-to-day expenses. Click here to access our Commercial Credit Application and our Personal Financial Statement.


Business Equity Line of Credit

Short term working capital using the equity in your personal residence.


Equipment Line of Credit

  • Pre-approved for future equipment purchases.
  • Business Overdraft Line
  • Reassurance. Overdraft protection allows your firm to write checks with confidence.

Compare our Line of Credit options

 Traditional Line of Credit (LOC)Business Equity Line of Credit (BELOC)Equipment Line of Credit (ELOC)
What are you looking for:A line of credit that is always there when you need it, providing vital capital for day-to-day expenses.Short term working capital using the equity in your personal residence.Pre-approved for future equipment purchases.
Attached Primary Checking AccountNANANA
Guidance FacilityNANAYes
AdvancesAdvances are processed through our commercial lending divisionAdvances are processed through our commercial lending divisionRequests are drawn against the line and specific terms and rates are applied to each loan
Credit LineApproved for a set dollar amountApproved for a set dollar amountApproved for a set dollar amount
SecuredBlanket UCC filing on all business assets. May be secured by additional collateral.Indemnity Deed of Trust (IDOT) on the personal residenceBlanket UCC Filing on all business assets. May be secured by a specific piece of equipment
InterestInterest Billed MonthlyInterest Billed MonthlyPrincipal and interest payment billed monthly
PaymentsInterest only. Principal curtailmentsInterest only. Principal curtailmentsPrincipal & Interest monthly
RateRelationship based pricingRelationship based pricingRate determined at time of advance
FeeFees based on RelationshipFees based on RelationshipFees based on Relationship
TermRenews annuallyRenews annuallyBased on equipment purchased
AmortizationNANANA
LegaleseApproval may be subject to a 30-day clean-up period. Subject to financial covenants. Personal guaranty requiredStandard appraisal and title requirements apply
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