BUSINESS LINE OF CREDIT
NEED SOME FLEXIBILITY?
Looking for the ability at access loan funds only when you need it? The Business
Line of Credit is for you. You'll be able to access this line of credit night or
day, by phone, internet and at a branch.
-
Loan is auto-renewable*
-
Interest only payments available, due on the 5th of each month
- Floating rate
- Can be used as an overdraft source
- Collateral can consist of one or a combination of the following: cash collateral, UCC filing on business assets, purchase money security interest on equipment purchased, title on vehicle or real estate
| * | Subject to business member maintaining a good
credit standing. Personal guaranty required of all owners with >20% ownership of
the entity. |
CommunityAmerica Credit Union knows you have dozens of choices on where to put your money. There are banks on every corner, each with a reason why you should
deposit your money with them. But can any of them offer you ownership? At CommunityAmerica, membership means ownership. Join in to see what membership can mean for you.