Business Line of Credit
Allied First Bank's Business Line of Credit meets the needs of those businesses which have ongoing working capital or seasonal capital needs. Once your line is established, you can draw down, then repay, according to the needs of your business. It is an ideal way to finance accounts receivable, take advantage of supplier discounts, fund growth strategies, and address other short term cash needs. Some months you may choose to repay only interest, while others you may want to repay principal.
A credit line is more efficient than trying to establish and keep track of several different overlapping short term loans. Credit lines are typically set up for one year and secured by all unencumbered business assets. It's the easy way to make sure you always have the short term credit you need.