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

Good banking requires attention to detail. Great banking grows out of caring for the customer and community. West Gate Bank is a wonderful example of both. As our bank, they do a superb job of managing our accounts, processing our payroll, and keeping us up to date with the latest features, cost-saving breaks, and legal compliance. But their commitment goes way beyond: West Gate Bank managers and employees volunteer at our events, come to visit us and see how we're doing, and help promote our mission through service and support. We could not ask for a better hometown bank. Thank you, West Gate Bank!
— Clayton Naff, Executive Director, Lincoln Literacy

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