Take advantage of vendor discounts. Meet unexpected cash needs. Lines of credit are a cost effective way to borrow and repay what your business needs when you need it. Making advances is simple and convenient. Our lending institutions offer automatic pay downs, cash advances from your line of credit, and investment of your excess cash balances.
Term loans are a lump-sum disbursement with payback over a specified period of time.
They may be used to finance equipment, a change in ownership, a new business acquisition or other long-term needs of a company. It is important to structure a term loan so that debt repayment matches your business cash flow. Consideration must be given to your existing debt repayment obligations as well as potential needs that you may have over the term of your loan. Strengthen Competitive Position Term loans to help businesses obtain the equipment and assets they need to grow or operate more competitively. This allows for payment of an asset over time from the cash flow of the business.