Prime Line of Credit

The Seattle Bank Prime Line of Credit is a revolving line of credit, which means it provides access to funds only when you need them - and you only pay interest on the funds you actually draw. Perfect for financing receivables or improving liquidity to meet short term cash needs, your business can access the loan funds by check, phone, in-person, or online. They can even be available as an overdraft protection on your business checking account.

Summary

• $10,000 - $50,000 credit limit
• Up to 3 year maturity
• Variable Rate (tied to Wall Street Journal Prime Rate)
• Unsecured
• $150 Origination fee
• $150 Annual Fee, waived the first year
• Seattle Bank Business Checking Account required
• Simple, one-step application process

Rate, loan amount and loan term subject to satisfactory review of application and credit score.