Working Capital Line of CreditInquire
Online
American Bank's Working Capital Line can be a secured or unsecured revolving line of credit that
allows an established business to borrow, repay and borrow again for a variety of short
term financial needs. You can easily access funds via advantage checks, telephone transfers
or on-line transfers to an American Bank business checking account. The line can be used
to fund seasonal changes in inventory and receivables, take advantage of vendor discounts
and meet unexpected cash needs. Here are some additional features and benefits:
Interest paid monthly Interest rate is adjusted daily. The interest rate will be tied to either the Wall Street Journal Prime Rate or LIBOR plus a spread determined upon approval. The spread will depend upon your personal and business credit evaluation. Additional principal payments can be made at any time, without penalty The line will be reviewed for renewal on an annual basis
*Upon receipt of completed application and other requested customer information.
Interest paid monthly
