Lines of Credit
A line of credit is a tool used by borrowers to finance receivables, inventory and seasonal working capital needs. At Merchants Bank we will work to understand your cash flow cycle and financing requirements and will recommend the most appropriate solution. We can provide asset-based and seasonal lines of credit.
We offer a variety of terms and interest rates and can link a line of credit directly to your Merchants Bank Business Checking Account for automated cash management.
There may be circumstances when you are asked to provide a Standby Letter of Credit to guarantee payment or performance. Merchants Bank would issue the letter of credit on your behalf in favor of the beneficiary and you would have an obligation to the Bank if the letter were ever drawn.
Contact one of our commercial banking experts to learn more, or click here for a Small Business Credit application form.
Must meet Merchants Bank eligibility requirements.
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