Custom Line of Credit

For most businesses, lines of credit are used for several reasons: business expansion, seasonal cash flow needs, taking advantage of trade discounts, or even making that next equipment purchase. We offer a Custom Line of Credit to businesses of all sizes. We have a flexible line of credit of up to $50,000 specially designed for small businesses, including a two-year maturity, an interest only payment structure, and credit guidelines that focus on the business owner as well as the business. For larger businesses, we customize credit offerings based on the business's needs and cash flow.

• Flexible credit lines from $10,000 to $1,000,000.
• Easily accessed, either by phone, fax, or check.
• May be established as an overdraft facility, when linked to a commercial checking account.
• Competitive rates.
• Abbreviated application process.
• 48-hour turnaround time in most cases, with local decision makers.

Sounds Interesting, what are your approval criteria?

Peoples First views businesses as an extension of their owners. It is often quite difficult to determine one from the other. Just as your business relies upon your skills and expertise to succeed, we will base our decision primarily on the qualifications, stability, and credit history of the business owner. Your Custom Line of Credit may be secured by accounts receivable, inventory, or equipment.

How do I get started?

Simply contact your nearest Branch Location and ask for additional details. One of our Business Banking representatives will meet with you to discuss your banking needs and the potential benefits of establishing a Custom Line of Credit. There is a brief loan application, which requests financial information on the business and the business owners. We normally reach a credit decision within 48 hours.

Click here to see a list of our branch locations or call us at 800-624-9699 and we will introduce you to your local Business Banking Representative.