Business Lines of Credit

Secure financing for short-term working capital.

If you’re looking to gain funding for your business’s short-term needs, a business line of credit is the perfect solution. Think of it like a credit card crafted to help build your business, financing what you need with more flexibility than a traditional business loan. You’ll be able to borrow any amount up to your determined limit, repay it, and borrow again as needed. Plus, you’ll only pay interest on the amount borrowed, not the total limit itself. If you’re interested in learning more about business credit line rates and how to tailor the right plan for your financing needs, come in and speak to one of our expert financial craftsmen at Flagstar Bank today.

KEY ACCOUNT FEATURES:

• Available for loans starting at $10,000
• Floating interest rate
• Provides working capital
• Collateral is required and may include accounts receivable, inventory, machinery and equipment, real estate, marketable securities, cash, and/or certificates of deposit
• No amortization and payments are interest only
• Fees may include an application fee, origination fee, annual fee, and/or out-of-pocket costs