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

It has been our experience that people make all of the difference in life and business. We began our relationship with West Gate Bank because of one employee. We will continue that relationship, now and into the future, because of the many dedicated staff we have since connected with over the years. We truly feel that West Gate Bank and ALL of its employees have our best interest at heart no matter the situation. We have found a home for all of our banking needs, both personal and business, and are looking forward to continuing that relationship as our needs and business grows. Thank you for everything West Gate Bank!

— Molly and Brandon Kircher, Co-Owners Eileen's Colossal Cookies