Accelerate Business Line of Credit
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.
Details:
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Amount: $25K - $250k (Capped at 15% of Company’s Prior Fiscal Year End Sales Revenue)
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Tiered Interest
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Term: On demand
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Collateral: All Business Assets (ABA), Other (TBD)
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No prepayment penalty
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Payment from an FSB Business account via EFT/ACH will be required
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Minimum payment due is interest-only
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Minimum of two years in business
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An annual fee and processing fee will apply
Accelerate Business Term Loans
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.
Details:
- Loan Amount: $25,000 - $250,000. Loan amount is capped at 15% of company's prior fiscal year-end sales revenue
- Tiered interest
- Terms: 36 months - 60 months, based on purpose and collateral of loan
- Amortization: Same as term of loan
- Collateral: All Business Assets (ABA), Commercial Vehicle, Commercial Equipment, or Other
- A prepayment penalty may 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