Accelerate Business Line of Credit
Ideal for working capital, inventory, and other short-term needs.
When your small to medium-sized business needs access to cash for short-term needs, the Accelerate Business Line of Credit can be an ideal solution to help your company meet its growth goals.
- Loan Amount: $25,000 - $250,000. Loan amount is capped at 15% of the company’s prior fiscal year-end sales revenue
- Tiered Interest
- Term: On demand
- Collateral: All Business Assets (ABA), Other (TBD)
- No prepayment penalty
- Payment from an FSB Business account via EFT/ACH will be required
- Minimum payment due is interest-only
- Minimum of two years in business
- An annual fee and processing fee will apply
Accelerate Business Term Loans
Ideal for the purchase of equipment, vehicles, refinancing, lease build-out, improvements, and more.
We believe in supporting local businesses, and we’re committed to helping your small to medium-sized business thrive. When you need financing to take advantage of a business opportunity, an Accelerate Business Term Loan can help you take the next step.
- Loan Amount: $25,000 - $250,000. Loan amount is capped at 15% of the company’s prior fiscal year-end sales revenue for loans not secured by equipment or vehicle(s)
- Tiered interest
- Terms: 36 months - 60 months, based on the purpose and collateral of the loan
- Amortization: Same as the term of the loan
- Collateral: All Business Assets (ABA), Commercial Vehicle, Commercial Equipment, or Other
- A prepayment penalty will be incurred
- Payment from an FSB Business account via EFT/ACH will be required
- Monthly payment will consist of P & I
- Minimum of two years in business
- A processing fee will apply