With a Working Capital Line of Credit from National Exchange Bank & Trust, you have access to short term financing for business expenses when you need it, to fuel your business's growth. Designed to fund the expansion and contraction of the balance sheet, Working Capital Lines of Credit are ideal for managing accounts receivables, inventories, payables and short-term cash needs.
Put a Working Capital Line of Credit to Work for You
- Does your business have a large annual insurance payment due and you're worried about depleting your business accounts to make the payment? Our Working Capital Line of Credit can provide temporary financing to keep your balance sheet strong and keep your business's financial health in check.
- Is your business placing a large inventory order but you expect delays in receiving payment for sales proceeds? A business line of credit is there to provide the working capital to bridge that gap, and safeguards against inventory-related cash flow bottlenecks.
- Is your business seasonal with periods of lower revenue? A business line of credit can support your cash flow needs during the off season so your business never misses a beat.
Get started by requesting a Business Working Capital Line of Credit today.
REQUEST A WORKING CAPITAL LINE OF CREDIT
Experienced and Positioned to Meet Your Needs
As a strong, independent bank, National Exchange Bank & Trust is positioned to meet the short-term capital needs of businesses large and small. Our large lending limit gives us the ability to handle large projects, while our local, knowledgeable lenders work side-by-side with you to help you achieve your goals today and in the future.
We value your time, and that's why we offer a quick turnaround for loan decisions. You'll work directly with your local lending team, not a call center, ensuring personalized attention and financial solutions tailored to your unique business needs.
Just Like You
National Exchange Bank & Trust is more than just a financial institution; we're a family-owned business deeply invested in our local communities. We understand the passion that drives closely-held businesses and are uniquely positioned to meet your needs. Unlike the impersonal nature of larger banks, we offer a partnership built on genuine care for your success. Let National Exchange Bank & Trust be your trusted advisers as you embark on your business journey. Our Working Capital Line of Credit is not just a financial solution, it’s your pathway to business prosperity. Contact us today to request a meeting.
Frequently Asked Questions
What is working capital?
The money a company needs to manage its short-term expenses.
How does a business line of credit work?
A business line of credit is a secured loan in which interest is paid monthly on the amount drawn and the loan amount is repaid as cash flow allows. These lines of credit typically have a 1-year term and are renewed annually. Funds can be reborrowed at any time as long as the line of credit is brought to $0 for 30 days during the year.
What are the business line of credit requirements?
A business line of credit works best for established companies with growing needs. To obtain a line of credit, personal and business financial statements will be reviewed. To demonstrate proper use as a short-term financing source, it is required that the line of credit be brought to $0 for 30 days during the year.
What is the difference between a business line of credit vs loan?
With a line of credit, the funds are revolving and work best for short-term working capital needs such as managing accounts receivables, inventories and payables. The interest is paid monthly, and the rest of the loan is repaid as cash flow allows. With a traditional loan, there is a monthly principal and interest payment. Traditional loan funds cannot be reborrowed during the term of the loan and work best for fixed assets such as machinery or a building.
