Line of Credit

For many credit-worthy business customers, a line of credit or authority to loan may be available. Credit availability is a specified amount of money that you may borrow without filing a new loan application.

Features

  • Great source of financing for short-term working capital needs such as:
  • Purchase inventory
  • Support accounts receivable
  • Seasonal fluxes in operation
  • A revolving account allows you to borrow, repay, and re-borrow as cash flow allows
  • Auto-renewable (subject to maintaining a good credit standing)
  • Establishes pre-approved source of funds up to a maximum stated amount and can be used when needed
  • Offers interest-only payments
  • Convenient direct debit payment
  • No ongoing financial reporting or loan documentation requirements
  • Dependable and reliable source of short-term funds
  • Provides flexibility to repay principal to coincide with cash conversion cycle
  • Easy to access
  • Competitive interest rate

Visit any UMB banking center or contact us via phone or e-mail for more information.