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You can plan ahead for supplier discounts and other short-term
cash needs with the Business Class Line of Credit. This account
gives you the best value for all your capital needs.
Advantages
- Secured credit lines available from $50,000
- Competitive interest rate with an unlimited number of advances each month
- Monthly payments are automatically deducted from
your Bank of America or LaSalle business checking account
- Expedited annual review with no need to sign new loan documents
Qualify
- Your business must be at least two years old
- You and the business must have a good credit record
- All owners with 20% or greater interest must apply and guaranty the loan
- Management team must be experienced
- Demonstrate sustainable earnings and cash flow
- Business and guarantors must reside in the Chicagoland area, in Michigan or Northwest Indiana
Financing
Secured credit lines are available from $50,000 to $1,000,000.
Next Steps
- Learn more, call us toll-free at (800) 295-0068
- Apply at any Banking Center
When applying for a Business Class Line of Credit, the following items must be submitted with an application:
- Last two fiscal year-end business financial statements
prepared by your Certified Public Accountant, or signed Federal
tax returns for the last two fiscal years
- Year-to-date interim financial statement for the business
- Personal tax returns of owner(s) (20% or greater interest) and
guarantor(s) (if required) for the last two years, including all
schedules
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N.A., LaSalle Bank N.A., and LaSalle Bank Midwest N.A. Members FDIC.
Equal Housing Lenders. Equal Opportunity Lenders.
PLEASE NOTE: LaSalle products may not be able to be serviced at Bank of America banking centers or through BankofAmerica.com until late 2008. |
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