Small Business Line-of-Credit

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Small Business Line-of-Credit

Establishing a line-of-credit with AEA Federal Credit Union can maximize your purchasing power and allow you flexibility in managing your business. The advantage of a line-of-credit is interest is only charged on the amount used. And, as payments are made, your credit line once again becomes available for your use.This simple and easy to use financial tool is perfectly suited to:

Cover short-term cash needs until accounts receivables are collected

Take advantage of supplier discounts

Cover seasonal working capital needs

Lines-of-credit are renewed annually providing flexibility to your business' short-term funding requirements by allowing borrowings to match needs, precisely when needed.

Lines-of-credit are established at specific limits and may be either paid up or drawn down throughout the year at your discretion. These are the most cost-effective credit facilities and are distinguished from term loans by the "use of proceeds" and may require a consecutive thirty-day clean-up period at some point during the year. Accounts receivable, inventory, and other business assets secure your line of credit.

Business Line-of-Credit

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