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A Complete Selection to Help You Reach Your Goals
You have a small business with big plans to expand. But in order to grow, you sometimes need a little help. That's why Wilshire State Bank offers an attractive line of credit for small business.
Our revolving line of credit allows the flexibility to meet your requirements. This means that as the credit line is repaid, the amount is available up to your pre-approved credit limit for you to draw out when needed. Interest rate is very competitive and flexible. The line of credit continues for five consecutive years, that way you don't have to reapply or submit a new financial statement every year.
Use of Funds
- Ongoing operational expenses
- Seasonal purchases
- Purchase inventory
- Take trade discount
- Short-term working capital needs
Loan Amount
Term
- Revolving, up to 5 years Loan balances due at maturity date
Interest Rate
- Variable, based on bank's prime rate
Monthly Payment
Payment Method
- Automatic transfer from Wilshire State Bank business checking account required
Collateral
To support your credit request, the following is the type of collateral that may be requested
- accounts receivable
- inventory
- stocks/bonds
- savings account
- real estates
- certificates deposit
Overdraft Protection
- Yes, on a qualified Wilshire State Bank business checking account.
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