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

West Gate Bank has been the banking partner we sought out as we develop and expand our services in the Lincoln and Omaha communities. They have offered a highly competent and professional approach to our complex needs in banking. Recently, they were quick to respond to our application for Paycheck Protection Program dollars that have made all the difference in being able to provide essential mental health and substance use disorder services to people across Nebraska. This is what a banking partnership ought to look like. Thanks, WGB!
— Topher Hansen, Executive Director, CenterPointe

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