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

Thank you for your help and guidance in getting the Paycheck Protection Program into our hands--it has taken a huge weight off of my shoulders. We are so very grateful that we made the decision to partner with West Gate Bank. The difference is night and day from our previous banking partner, so thank you to all at West Gate Bank!
— Scott McCarville, President, Amplified Image Marketing

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