Line Of Credit is a fully amortized, revolving line of credit. Draw what you need and pay interest only on what you draw. Interest stops immediately once your draw is paid in full. No pre-payment penalty!
As a business owner, having a piece of mind is extremely important. By having a line of credit “waiting in the wings”, funds will always be available at your disposal if a need or opportunity arises.
Draw what you need; pay interest only on what you draw. Interest stops immediately once your draw is paid in full. No pre-payment penalty!
For this loan, we require a little more:
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