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Business Revolving LOC

A Business Line of Credit gives you the flexibility to have money available when you need it. As you repay what you’ve used, the funds become available to you once again, much like a credit card. You won’t always have to repay the same amount each month because your payment is based on the amount you use. Any excess payment goes directly toward paying down the principle, allowing you to pay less in interest.

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, iTalk, 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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