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Revolving & Non-Revolving Lines of Credit

 

Loan Highlights

   
Loan Amount

$10,000 to $1,400,000

 

Collateral

Eligible Accounts Receivable.
See your Premier Service Bank Commercial Lending Officer for details.

 

Term

12-Months

 

Interest Rates

Variable, based on Wall Street Journal Prime Rate plus a margin of
1-3%, adjusted daily.

 

Loan-to-Value

Generally not to exceed 80% of eligible account receivables.
Eligible account receivables include account not exceeding
60-days, less concentrations of 20%.

 

Prepayment

None.

 

Minimum Debt

Typically 1.10x or >

 


Closing 48 hours on loans less than $349,999.99 and 3 to 5-business
days on loans exceeding $350,000.00 from executed application
assuming timely receipt from borrower of all information requested.

 

 

 

Fore more information:

 

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