To manage seasonal cash flow fluctuations, quickly add inventory, upgrade equipment, cover payroll or avoid overdrafts, turn to Associated Bank’s Business Choice Secured Line of Credit.
- Revolving line of credit can range from $5,000 to $1,000,000
- Features a variable interest rate, tied to prime
- Pay as little as interest only- make principal payments at any time with no penalties
- Use commercial or personal real estate or your business assets as collateral
- Borrow up to 80% of real estate value, 75% of accounts receivable, or 50% of non-perishable inventory or net fixed assets
- Pay an application fee at closing and an annual fee
Access your secured business line of credit through ordinary checks, or with transfers through Associated Connect®.
To learn more about a Business Choice Secured Line of Credit, call our loan specialists today.