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BUSINESS BANKING - Loans - Lines of Credit
Lines of Credit - can provide access to cash for a variety of short-term and ongoing financing needs.
| | Normal Uses: | | Support working capital requirements. |
| | Terms: | | Generally renewable annually. |
| | Rates: | | Floating. |
| | Fee: | | Varies depending on loan. |
| | Collateral: | | Generally first liens on all short-term assets, which may include accounts receivable and inventory. Other collateral may be required. |
| | Support: | | Personal guarantees are generally required. |
Stop by or call our Commercial Loan Office for more
information.
Commercial Banking Center
720 North Lapeer Road, Suite #201
Lake Orion, MI 48362
248-693-7473 phone
248-693-7825 fax
map
Business Banking Resources
Learn the Basics of Credit Reports and Scoring
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