Commercial Line of Credit

Your business may need to scale, adapt or handle uneven cash flow. A commercial line of credit can assist you with ready cash when your business needs it most. With this preapproved business line of credit, your business gets flexible, revolving credit to use in whatever capacity your business needs. Get your business lines of credit approved each year, and you only have to renew it again a year later. Discover Presence Bank’s commercial lines of credit to support your business today.

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Understanding a Commercial Line of Credit

A commercial line of credit is more like a credit card than a business loan. Similar to commercial loans, commercial lines of credit give you access to money to handle business expenses when they arise. Unlike loans, commercial lines of credit are not awarded to you as lump sum payments that require you to pay back monthly installments. Like a credit card, your lender will limit the amount you can borrow. 

Being eligible for a business line of credit depends on your credit review. Interest accumulates on the amount you draw, and you can redraw the amount you repay — minus the interest — down the line again. 

Why Leverage Commercial Lines of Credit?

A business line of credit is ideal for when you need short-term funding. You may need some cash flow to cover operating expenses, increase inventory or support other financing needs. Businesses often use commercial lines of credit when their business expands, and they need a boost of funds. 

These lines of credit are not designated for a specific purpose, making them ideal to handle cash flow better. You can access funds via a commercial credit card, business checking account or a mobile banking app. 

View Other Commercial Loans and Credit Services

Presence Bank is the go-to trusted local bank for businesses wanting personal service. We offer various commercial banking services.

Why Partner With Presence Bank?

Since 1919, we have been a trusted partner in helping businesses prosper in the region. We offer:

  • Committed partnerships: As a state-chartered FDIC banking institution, we are dedicated to providing exceptional, personalized service you can trust. Your success is our success, so we take every step with you during your business expansion and growth.
  • Customer-first approach: Our products and services are designed to meet your needs. We are from the region, for the region, and are invested in the local community and economy. 
  • Transparent communication: We are transparent and communicate honestly, giving you peace of mind that your business is in trusted, experienced hands. 

Enroll Today and Take Your Business to the Next Level

Presence Bank has over a century of experience helping local businesses reach their financial and growth goals. Maximize your capabilities and get flexible solutions to help you meet your bottom line with client-centric products and services.

Get started — enroll your business with us today

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