Business Credit Line

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Every business has its ups and downs - seasonal peaks and valleys that can affect income and expenses. A Line of Credit from Banco di Caribe is the perfect way to ride out those bumpy stretches, knowing you’ll always have funds available to meet the short-term needs of your successful business by allowing you to borrow, repay, and re-borrow funds as needed.

Credit Line features:

Used for funding payroll, improve cash flow, purchase of materials and inventory, financing of Account Receivables, seasonal working capitals or emergency funds
Pay no interest until you draw funds, interest is charged only on the portion of the line you use
Competitive rates of interest
Secured by company’s floating assets, investments (CD’s) or real estate.

Credit Line requirements:

Company financials of the two (2) most recent years
List of company machinery & equipment, inventory & stock signed and dated
Aging list of company Account Receivables signed and dated
Copy of a recent appraisal report less than one (1) year, prepared by one of the Banks preferred appraisers (if there’s real estate securing the loan)
Personal guarantees by company owner(s), BdC net worth statement must be completed and submitted

ALERT!

A Line of Credit from Banco di Caribe is the perfect way to ride out those bumpy stretches.

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Credit Line features:

Credit Line requirements:

Make an appointment with an account manager.

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