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Business PowerLineSM
A Line of Credit for Your Business
Sometimes your business may find itself in a position where it needs cash. With business lines of credit, we can help your company with short-term working capital financing or ongoing financing. Having a business line of credit at your disposal is ideal if your business is seasonal or cyclical, has fluctuations in cash flow, or if you are looking to make high volume purchases. Your line of credit also gives you the capability to finance receivables, better manage your cash flow, and perhaps even improve your company’s credit standing with vendors/suppliers.
American Savings Bank knows that a revolving line of credit is an important business tool. That’s why we designed our Business PowerLine program with you in mind. It is a revolving line of credit with credit lines of up to $50,000 — providing your company with a continual resource of working capital that can be accessed any time through special Business PowerLine checks that look and work like your own business checks.
Benefits Your Business Will Receive
- Less paperwork — no separate closing documents; all paperwork is signed at time of application
- Streamlined annual renewals
- No collateral required
- Minimum interest-only payments
- Availability of cash when you need it
- Revolving line of credit allows you to repay and borrow without having to complete new loan applications
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Access to account information through ASBnet Online banking or
AccountAbilitySM bank-by-phone service
Easy to Use
- Simple — It’s especially
straightforward when your business is at least 2 years old and you have a clear credit history
- Fast — You can usually expect an answer in 48 hours
- And More — We have knowledgeable, personable, and service-oriented bank representatives ready to assist you
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