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Friday, July 04, 2008 |
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Lines of Credit
e-Line (Business Equipment Line of Credit) Inquire
Online
American Bank's e-Line is a non-revolving facility that is ideal for making "hassle-free"
new equipment or vehicle purchases. Fast approvals, competitive rates, great service and
easy access are just a few of the reasons to utilize our e-Line. Here are some additional
features and benefits:
 Credit limits ranging from $10,000 to $250,000
Allows your business the flexibility of a pre-approved line for making future equipment purchases
Finance office furniture & equipment, construction equipment, machine tools, computers & peripherals, phone systems, trucks & trailers, medical equipment and virtually any other type of equipment.
Finance up to 100% of the purchase price (depending upon personal and business credit evaluation)
All advances will be based upon invoices and termed out over a period not to exceed five years. (Minimum advance is $5,000)
No prepayment penalties
Fixed interest rates will be locked at time of submission of invoices. The rate will be fixed based upon the corresponding treasury yield plus a spread determined upon approval
Fees - 1/2% of the line amount plus recording costs payable at closing
Equipment purchased will secure all advances made under the line
*Upon receipt of completed application and other requested customer information.
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| This page was retrieved at 3:31:28 PM on July 4, 2008 |
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