Home Federal Bank

Business Line of Credit

A Business Line of Credit gives your business access to cash, whenever you need it, up to a prespecified amount. Your line of credit can help you improve cash flow, acquire seasonal working capital, purchase inventory, materials or equipment, or help finance accounts receivable. Best of all, the funds are always available when you need them but you only pay interest on the amount of the line you have used.

Home Federal Bank's Business Line of Credit is designed for business owners who need credit for:

  • Improving cash flow or seasonal working capital
  • Refinancing debt
  • Purchasing inventory or materials
  • Financing accounts receivable
  • Stand-by or emergency funds
  • Overdraft protection for your operating account
  • Revolving line of credit allows you to make advances, repay principal and borrow again with no need to reapply
  • Access funds by check, phone or online transfer via eBanking
  • Variable interest rate
  • Interest-only payments
  • No prepayment penalty or early closure fee

We'll consult with you to build a financing solution that meets the unique needs of your business. Some of the requirements that are part of a Business Line of Credit may be:

  • Business established two or more years
  • Business owner as guarantor (additional guarantors may be required)
  • Financial documentation including the three most recent years' business and personal tax returns
  • Additional financial documentation may be requested