Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.
BTC Bank

Commercial Lines of Credit

What’s the most important quality a business can possess?

In today’s world, the answer is often agility. Small businesses must stay nimble to stay profitable. They have to keep up with ever-evolving technology and the changes it inspires in customer behavior. Even a profession as old as farming faces new challenges from severe weather and droughts. You might just say that a business’s ability to act swiftly can make or break its future success. So how do businesses stay flexible? Access to capital when your business needs it is the best way to prepare for life’s inevitable curveballs.
Commercial lines of credit provide access to cash with interest rates that are usually lower than a credit card. New businesses can qualify, too, as long as they meet credit underwriting requirements. You can use your business line of credit to invest in your company with new employees or inventory, repay higher interest debts, deal with emergencies, or simply leave it open so you’re ready when opportunity knocks.

How do commercial lines of credit work?

Also known as business revolving credit loans, a commercial line of credit works like a credit card: you’re approved for a certain amount of financing and can draw from it whenever you need to. Unlike other types of business financing, you won’t accrue interest or make payments until you actually use your line of credit. That’s what makes it such an important tool for a nimble business. Open a business line of credit before you actually need it and enjoy the peace of mind that comes from feeling prepared. Here are some other important things to know about commercial lines of credit:

  • Business lines of credit can be renewed again and again. Draw on your credit, pay back what you borrowed, and draw again. As long as your account is in good standing and you meet certain other credit requirements, it’s relatively easy to renew your credit line at the end of its term.
  • Choose between a commercial line of credit that is secured with business collateral. The latter option is helpful for new businesses that might not have many assets yet.
  • You’ll need to submit supporting documents with your application. Business and personal bank statements, tax returns, and other financial information is a necessary part of the decision-making process.

Choose a Community Minded Lender

When you partner with BTC Bank for a commercial line of credit, you can feel confident you’re in good hands. We’ve been providing personalized service and high quality financial products to farmers and other business owners since 1919. We are agriculturally minded, service oriented and driven to invest in the communities we serve. Learn more about commercial lines of credit and the competitive rates and terms we offer. Contact us today or visit your nearest BTC Bank location.

View our various Line of Credit Financial Calculators to jump-start your business and financial goals.
Debit card icon

School Mascot Debit Cards


The Mascot Debit Card is available for new accounts
or replacement card for an existing account.

Checking Account Icon

Checking


The right choice, right now, to keep tabs on daily spending and manage your money the way you like