Working capital lines of credit are available for your business to provide cash
flow for short term needs and to finance inventory and accounts receivable. These
lines are offered on a secured basis at a floating rate and are tied to the Wall
Street Journal Prime Rate.
Short term working capital and purchase of inventory.
$25,000 to $1,000,000
Demand - annual review.
Variable based on the Prime Rate as published in the Wall Street Journal plus a
Access to funding:
Advances made directly to your Leader Bank checking account.
Interest only, principal paid at borrower's discretion, Annual 30-day clean up required.
A first lien on all business assets and/or liquid collateral such as CDs or securities.
Required from each borrower/owner.
costs vary by complexity of transaction.
Automatic payment feature.