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Revolving (Seasonal) Line of Credit
Our seasonal revolving line of credit can help you manage fluctuating cash flow; it is ideal when you need short-term working capital.
Features & Benefits
- Borrow money for short-term needs
- Increase inventory, carry accounts receivable and pay expenses
- Line can be renewed from year to year
- Credit limit based on your company's current asset levels. Borrowing availability increases as your assets increase, so that your line grows along with your company
- Sweep lines are tied to your business checking account, with automatic line advances and paydowns
- Variable interest
>> Download an Application |
Business Equity Line of Credit
A FirstMerit Business Equity Line of Credit enables you to use your home as collateral while building credit history in your company's name.
Features & Benefits
- Up to 80% of your equity is available
- Flexible - use only when you need it
- Low $150 application fee
- Great way to establish credit in your business name
- Checks and access card are in your business name
- Simplify bookkeeping - separation of use of funds for tax purposes
>> Download an Application |
