Commercial Lines of Credit
Unlike standard term loans, a pre-approved Commercial Line of Credit is a convenient way to have money available when you need it. Available either as a secured or unsecured credit line, with no need to re-apply. You pay interest only on the outstanding balance, and as you repay the principal amount, the full line becomes available again.
A 1st Bank Line of Credit is ideal for meeting working capital requirements or taking advantage of special opportunities. It’s the best next thing to money in the bank – because it is there…when you need it.
* All loans subject to credit approval. Certain restrictions may apply.