These flexible loans provide businesses with a revolving line of credit to draw against. Lines of credit are especially useful for bridging short-term but recurrent cash flow deficiencies. Credit lines also let companies act quickly to make inventory or equipment purchases without having to reapply for a loan and wait for approval each time. You only pay interest on the funds you have drawn until the principal is repaid. And since credit lines are revolving, you can repeatedly borrow up to your credit limit without reapplying, as long as the account is open.

Features:

• Revolving credit lines can be drawn down and repaid repeatedly, up to credit limit
• Advances are typically tied to a forumla of accounts receivable, inventory and/or equipment
• Interest accrues only on amount borrowed, only until principal is repaid
• One-time approval provides repeated, instant access to funds simply by writing a check against the account
• Very competitive interest rates
• Our commercial lenders average more than 20 years with United Bank, offering tremendous expertise and continuity to your business

UNITED BANK COMMERCIAL LENDERS