Business Line of Credit
Provides the flexible financing you need to:
- Smooth out cash flows due to seasonal fluctuations in sales, inventory and receivables
- Fund project start-up expenses
- Provide general working capital
You can borrow and pay back on a recurring basis, eliminating the need to obtain a new loan approval each time you need financing. Lines may be approved for up to a three-year term, thus negating the inconvenience of securing an annual renewal.
Interest rates are variable and are normally indexed to the “Prime Rate” as published in the Wall Street Journal. Interest on your balance will be billed on a monthly basis and can automatically be paid for you from your Belco Business Checking Account.
It is so convenient to access and manage your Belco Business Line of Credit in the comfort of your office or home with your own computer. Our online banking system, Money Manager, allows you to take advances from your Belco Business Line of Credit for deposit to your Belco Business Checking Account or to automatically transfer payments from your Belco Business Checking Account to your Belco Business Line of Credit.
You may also choose to access your business accounts through your mobile device using the Belco Mobile Money Manager application. Virtually anything you can see or do on your computer, can also be accomplished using our mobile app.
Speak to us today about customizing a Belco Business Line of Credit for you.