A Commercial Line of Credit is a revolving credit line that allows you to borrow funds up to an approved limit for your business needs. One of the perks of choosing a line of credit over a loan is the ability to borrow the money all at once or in smaller increments over time, similar to the available balance on a credit card. When you borrow against your Commercial Line of Credit, one of the benefits is you pay interest only on the amount you borrow. That means if you borrow in smaller increments, you’ll pay less interest. Once you have repaid the amount borrowed, your credit line is fully renewed and available for borrowing again, making this a great commercial lending option for cash flow needs, unexpected expenses, operating costs and more.
Maximize Your Potential With a Commercial Line of Credit
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Father and son walking after playing a game of basketball. Young man and teenage boy having fun, talking and chatting while staying fit, activeWhat Is a Commercial Line of Credit?
Benefits
See for yourself why many businesses choose an LB&T Commercial Line of Credit for their financing needs:
- Competitive Interest Rates – We keep our Commercial Line of Credit rates affordable so you can keep your costs low!
- Flexible Financing – Whether you’re in need of short-term financing due to seasonal fluctuations or long-term funding to grow your business, an LB&T Commercial Line of Credit is a great solution for financing needs big or small.
- Local Expertise – Our highly-experienced Logan Bank loan officers are here to assist you every step of the way. They look forward to helping you find the right business lending option for you.
- Fast and Simple Application – We understand you’re busy – that’s why we make applying simple. Easily apply online or in person to get started.
- Quick Access to Funds – When you choose a local lender like Logan Bank and Trust for your business needs, you’ll enjoy fast decision making and approvals. Plus, with a revolving line of credit, you’ll have flexible access to funds without the hassle of reapplying each time you need more business capital.
Young beautiful woman traveling by car in the mountains using smartphone at sunsetYoung beautiful woman traveling by car in the mountains using smartphone at sunsetIs a Commercial Line of Credit Right for My Business?
Choosing a lending option that’s right for you is important. LB&T’s Commercial Line of Credit is good for both large and small business lending needs.
- Small Businesses – Use it for managing cash flow, covering operating expenses and growing your business.
- Growing Companies – Perfect for expanding operations and embracing growth opportunities.
- Seasonal Businesses – Use it to bridge financial gaps during slow seasons and maximize potential during busy seasons.
- Established Enterprises – Perfect for maintaining daily operations like inventory, payroll, operating expenses and more.
How to Get a Business Line of Credit
1. Apply Online or In-Person
Submit an online application or visit a branch.
Get Approved
Our team can’t wait to review your application and offer you the best loan options available.
Put Your Line of Credit to Work –
Start using your revolving line of credit and experience the freedom and flexibility that come with always having access to funds when you need them.
Ready to get down to business?
Phone: (304) 752-1166
Email: tcrum@lbandt.com
Check out our Commercial Line of Credit rates!
Apply for an LB&T Commercial Line of Credit!
Happy single father having fun while dancing with his small daughter after moving into a new apartment. Copy space.Frequently Asked Questions
Yes, Logan Bank and Trust has a variety of commercial lending options, including Commercial Real Estate, Operating Capital and Equipment Loans.
You can easily view our current Commercial Line of Credit rates here.
With a Commercial Line of Credit, you pay interest only on the amount you borrow, not the entire credit limit.
Often collateral is required, but ultimately it is dependent upon your business’s creditworthiness and financial standing.