Sometimes you experience temporary cash shortfalls and need to borrow for business expenses such as purchasing, restocking inventory, making seasonal or volume purchases, or taking advantage of trade discounts.
The Small Business Line of Credit is designed to help businesses like yours. All you need to do is satisfy lending requirements.
It’s straightforward. Simple. And there when you need it.
Requirements
Your small business generates a sales volume of up to $10 million.
You satisfy lending requirements—including credit approval.
The line of credit normally must have a zero balance for a specific time annually.
Collateral can range from accounts receivable to corporate or personal assets.
Application Process
Establish a line of credit and sign a “Master Note”.
Set the dollar amount of the note. Advances are available up to that amount.
Other Features
The interest rate is floating, based on an index such as the prime rate.
For effortless banking, we pair you with a Comerica Relationship Manager—your advocate and personal, direct conduit to all our people and products. They know our business. They take care of yours.
Equal Housing Lender
