Business Line of Credit
Give your business some credit
All businesses need a little extra money sometimes. With a business line of credit from Consumers Credit Union, you'll be prepared to handle unexpected expenses and meet a variety of working capital needs.
What is a business line of credit?
Similar to a personal credit line, a business line of credit allows your business to draw from your available credit at any time, whenever the need arises. Our online banking options allow you easy, 24/7 access to these funds, as well as other accounts like our business checking options, and our flexible monthly payments allow you to repay only the interest on your credit line when needed.
- Minimum $50,000
- Access your funds easily through online banking
- Variable rates based on Prime Rate
- Annual fee of $100
Connect with a commercial loan officer to apply.
Business Line of Credit – Additional Benefits
- Allows businesses to borrow, pay back and re-borrow funds as needed
- Easy 24/7 access to funds
- Competitive pricing
- Low monthly payments with interest only options
- Hassle-free renewals
All loans subject to approval. Rates, terms, and conditions are subject to change and may vary based on credit worthiness, qualifications, and collateral conditions.
When former Marine Matthew McDaid founded an apparel brand that only sells goods made in the U.S., he turned to Consumers for banking that reflects his values.
