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Business Non-Revolving LOC

A non-revolving Line of Credit is simply an available credit that, once you begin to repay, the funds do not become available for your use again. This type of credit works well if you know the amount that you need to borrow, in one lump sum. Just remember that once you’ve used your line of credit, it can not be used again.

Features Benefits
Fixed or variable ratesFlexible
All loans are kept in houseConvenient, local service
Finance up to 75% on real estate secured basisLower monthly payments
Repayment options consist of monthly, annual or balloon paymentsFlexible
No processing feesSaves money
No pre-payment penaltiesSaves money
Payments may be made via Payroll Deduction, automatic payments, Telephone Teller, Online Banking or by phoneConvenient
Funds may be advanced without signature once disclosure is in the filePeace of mind, convenient
Funds can be used for a variety of purposesFlexible
Member’s Choice™ Borrower Security may be purchased and is available at the time of loan closing. Can be added to loan at any time.Peace of mind, flexible
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