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.
Loan Summary
The Premier Commercial Revolving & Non-Revolving Lines of Credit provides the necessary cash flow to keep your business running, not to mention the potential for growth. Plus, it's backed by a money-back guarantee.
Contact us for more information at (951) 274-2400.
