Easy access to a Business Line of Credit from South Carolina Federal Credit Union allows you to react when the time is right.
What is a Business Line of Credit?
A Business Line of Credit enables you to address your business's financial needs at a moment's notice, whether that means repairing equipment, restocking inventory, purchasing supplies, or covering periods of slow cash flow. Business situations that require immediate action can arise at any time. With a Business Line of Credit from South Carolina Federal Credit Union, you can take care of the issue at hand and keep your business moving forward. Get the financial flexibility you need to act quickly and confidently.
How does a Business Line of Credit work?
- Choose from secured or unsecured options.
- Recive a revolving loan fund with annual renewals.
- Access funds online and at South Carolina Federal financial centers.
- Low, flat annual fee of 0.25%, regardless of your loan amount.
- Link this credit line to your business checking account for overdraft protection.
Loan payment due dates are generally 30-45 days from the loan closing date. The payment due date is notated in your loan documents and agreed upon before disbursement of your loan. Due dates and loan payment amounts can also be viewed through Online Banking, Mobile Banking5All of our Digital Banking products require an Online Banking login, and in some cases, enrollment into Bill Pay. Terms and conditions are available through Online Banking and must be agreed to before use. Mobile Banking products also require a data plan with a wireless provider. South Carolina Federal Credit Union provides Mobile Banking as a free service. Consult your provider for any fees associated with your mobile web service, such as message and data rates. or statements.
Loan payment due dates are generally 30-45 days from the loan closing date. The payment due date is notated in your loan documents and agreed upon before disbursement of your loan. Due dates and loan payment amounts can also be viewed through Online Banking, Mobile Banking5All of our Digital Banking products require an Online Banking login, and in some cases, enrollment into Bill Pay. Terms and conditions are available through Online Banking and must be agreed to before use. Mobile Banking products also require a data plan with a wireless provider. South Carolina Federal Credit Union provides Mobile Banking as a free service. Consult your provider for any fees associated with your mobile web service, such as message and data rates. or statements.