ExpressLine
Enjoy a Line of credit from $10,000 to $250,000. It’s a great option for short-term working capital, seasonal purchases, inventory or payroll.
Account Details
- Loan of $10,000 to $250,000
- One-year terms on loans of $100,001-$250,000
- Variable interest rate
- Minimum monthly payment: Interest only on lines up to $100,000. Interest only with balloon payment at maturity on lines $100,001 and above.
- No set maturity on line of credit up to $100,000
- No origination fee
- $150 annual fee for amounts up to $100,000
- Collateral not required
rate details
| Payment | Amount | variable interest rate |
|---|---|---|
| Interest only monthly | $10,000 to $25,000 | Index + 2.50% to Index + 5.50% |
| Interest only monthly | $25,001 to $100,000 | Index + 2.80% to Index + 5.80% |
| Interest only monthly | $100,001 to $250,000 | Index + 2.35% to Index + 5.35% |
Questions? Call us at 310-697-6970 or find a store near you.
Interest Rate: Advertised rate margin includes a 0.50% automatic payment discount from an Ubium Bank account. Rates shown are effective as of 6/15/2017 and are 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.
Credit Approval: All loans subject to credit approval.
Loan term: Up to $100,000: Revolving line of credit. $100,001 and up: 1 year with balloon payment at maturity.