Get continuous access to capital with a business line of credit
BLOC’s can be repaid daily, weekly, or monthly depending on the program, with amortization terms ranging between 3-24 months. Some programs allow for an interest only portion due while other programs bundle the principal and interest into one repayment.
BLOCs provide a revolving account that allows business borrowers to draw up to the credit limit. As the borrower pays the balance and applicable interest down, that portion of the BLOC is available to draw up again. If you draw capital multiple times against the BLOC, the term may reset.
Give us a call or get started online, either way, it will only take a few minutes. We’ll capture the business specific information, advise you on any additional documentation and next steps.
Once your application has been processed and reviewed, an Advisor will reach out with options and help you choose the best financing solution.
Once approved, funds typically release the same day to your business bank account