Business Lines of Credit

Need to manage cash flow? Buy inventory? A business line of credit might be the flexible solution your business needs. Borrow up to a predefined limit and pay interest only on the money borrowed. You can draw and repay funds as you wish, as long as you don’t exceed your credit limit.

Business lines of credit are typically secured by assets of the company, such as accounts receivable or inventory. In cases where a company does not have such assets to pledge as collateral, other options may include equity in real estate or non-retirement investment accounts.

Features

Provides flexibility that a regular business loan does not
Used for short-term capital needs
Secured by assets of the company, such as accounts receivable or inventory

Testimonial

We owe a great deal of gratitude to our personal lender and the services at West Gate Bank. They came to our rescue at a critical point in our company's recent past. Not only did they provide the lending and critical financial services we needed at the time, they continue to be an integral partner in maintaining our success with their constant nurture. Their support, business acumen, and generous helpful advice have been key in our company's accomplishments in an unquestionably challenging economic environment.

— Ted Eschliman, Co-owner, Dietze Music