Business Line of Credit - Central Bank Utah

Business Banking · Business Loans · Business Line of Credit

Business Line of Credit

Manage your cash flow, fund your seasonal inventory needs, or pay for an unexpected expense with a business line of credit. Apply today and only pay interest on the funds you use.

What is a business line of credit?

A business line of credit functions similarly to a credit card by allowing you to borrow up to a certain limit and pay interest only on the money you use. You can use a line of credit as necessary for your business by simply drawing the money you need and repaying the funds that you used.

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How does a business line of credit work?

A business line of credit is different than a regular term loan. A term loan provides businesses with a lump sum of money that is repaid in regular payments over a set period of time. A business line of credit is a revolving credit account that allows you to draw funds, repay, and redraw from available funds.

With a business line of credit, you can keep using and repaying on your approved funds as often as necessary to meet the needs of your business.

For larger credit limit amounts, you may be required to provide collateral, such as real estate or inventory. However, lower credit limits are typically unsecured and do not require any collateral.

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