Secured ExpressLine
A line of credit for businesses looking for interim financing for your accounts receivable, inventory, taking trade discounts, seasonal shortfalls and other short-term needs. Let’s talk about what you’re looking to do.
Account Details
- Line of credit from $25,000 to $500,000
- 3-year term on loans of $100,001 and up
- Minimum monthly payment: Interest only on lines up to $100,000. Interest only with balloon payment at maturity on lines $100,001 and above.
- Variable interest rate
- No prepayment penalty
- No set maturity on line of credit up to $100,000
- No origination fee
- Secured with business assets
- $150 annual fee
- CD and Improved Commercial Real Estate options available. Please see an associate or call us for more details.
rate details
| Amount | Variable interest rate |
|---|---|
| $25,000 – $100,000 | Index +1.50% to Index +3.00% |
| $100,001 – $250,000 | Index +1.40% to Index +2.90% |
| $250,001 – $500,000 | Index +1.35% to Index +2.85% |
Questions? Call us at 310-697-6970 or find a store near you.
Interest Rate: Rates shown are effective as of 11/13/2017 and subject to change without notice. The Interest Rates are variable and based on the Wall Street Journal Prime Rate (the “Index”), currently 4.25%, plus a margin (spread). The margin is based on the approved loan amount and our evaluation of borrower’s credit history. Advertised margin includes a 0.50% automatic payment discount from an Ubium Bank account.
Credit approval: All accounts subject to credit approval.
Closing costs: Third party closing costs may apply.