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

Question	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 Account	NA	NA	NA
Guidance Facility	NA	NA	Yes
Advances	Advances are processed through our commercial lending division	Advances are processed through our commercial lending division	Requests are drawn against the line and specific terms and rates are applied to each loan
Credit Line	Approved for a set dollar amount	Approved for a set dollar amount	Approved for a set dollar amount
Secured	Blanket UCC filing on all business assets. May be secured by additional collateral.	Indemnity Deed of Trust (IDOT) on the personal residence	Blanket UCC Filing on all business assets. May be secured by a specific piece of equipment
Interest	Interest Billed Monthly	Interest Billed Monthly	Principal and interest payment billed monthly
Payments	Interest only. Principal curtailments	Interest only. Principal curtailments	Principal & Interest monthly
Rate	Relationship based pricing	Relationship based pricing	Rate determined at time of advance
Fee	Fees based on Relationship	Fees based on Relationship	Fees based on Relationship
Term	Renews annually	Renews annually	Based on equipment purchased
Amortization	NA	NA	NA
Legalese	Approval may be subject to a 30-day clean-up period. Subject to financial covenants. Personal guaranty required	Standard appraisal and title requirements apply