Business Lines of Credit
With a Business Line of Credit you can use this money for working capital and to fund operating expenses. This line of credit could also be used to refinance your higher interest debt at a lower interest rate to save money.
Designed to meet the unique needs of businesses like yours, the Business Line of Credit gives you the flexibility to access cash for almost any business purpose quickly and conveniently.
Because Meridian Trust is a local business lender, we can be more flexible and work with you on any special requirements you may have.
|Chattel Secured*||RE Secured**|
|Draw||12 Month||60 Month|
|Repayment||30 Day Resting Prov.||120 Month|
|LTV||Based on Collateral||80%, 75% Max. LTV Cash Out Refinance|
*Direct Costs plus $35 for Filing Fees
**Fees: 0.75% plus direct costs
Credit qualification, age 18 or older, and membership required. Rates shown are effective as of June 3, 2020.