Small Business Line of Credit
Itasca Bank & Trust Co. offers two lines of credit that are targeted to assist small businesses (businesses with revenues of $1 million or less) with their financial needs.
A Small Business Line of Credit is available to qualifying businesses in the amounts of $5,000, $7,500, or $10,000. All lines of credit will be attached to an Itasca Bank business checking account with a sweep function to advance/repay funds. The lines of credit are issued for 24 months and reviewed at maturity for possible renewal. A line of credit may offer a more affordable alternative to credit cards.
An overdraft protection line of credit is also available for Itasca Bank & Trust Co. business customers. Business customers may qualify for a $2,000 overdraft protection line of credit which is issued for a 12-month term and reviewed annually by the Bank.
If you are interested in this product, contact a Commercial Lender to discuss your options.