Business Line of Credit
Revolving credit for purchasing flexibility.
- Get recurring access to cash flow with a line of credit.
- You'll only pay on what you borrow.
- Have instant access to your funds.
Revolving credit for purchasing flexibility
Enjoy access to cash for short-term cash flow gaps, unexpected costs, or to help grow your business. Ideal for every business size. Choose the business line of credit that’s right for you:
Business Line of Credit
A line of credit you can keep reusing and repaying as often as you prefer.
Commercial Line of Credit
The right choice if your business has larger working capital needs.
Tips to master your business finances
Prioritize Financial Education
Continuous learning is essential in the dynamic field of business finance.
Establish a Robust Accounting System
Accurate financial data is the foundation of sound decision-making.
Seek Professional Guidance
Engage with financial advisors, accountants, or consultants to gain valuable insights.
Business LOC Features:
Lines of credit starting at $10,000 - $500,000
Five-year revolving term, with potential to renew thereafter
Five-year repayment term
Eligibility:
To be approved for this product, Chase requires that your business be at least two years old and under the same majority ownership for at least two years.
Commercial LOC Features:
Typically, more than a $500,000 line of credit
Initial terms from one to two years, with potential to renew thereafter
Eligibility:
To be approved for this product, Chase requires that your business be at least two years old and under the same majority ownership for at least two years.
Your burning question, answered
If you’re new or looking for answers to your questions, this guide will help you learn more about our services and their features.
Why should I care about financial planning?
Financial planning is essential because it helps you achieve your financial goals and secure your financial future.
What are the different types of investments?
There are different types of investment vehicles, such as stocks, bonds, mutual funds, and real estate, each carrying different
How can I start saving for retirement?
The earlier you start saving, the longer your money can earn interest and grow.
What is the importance of emergency funds?
An emergency fund is cash that’s set aside to cover the cost of unexpected, and often expensive, events.
What can I use a personal loan for?
Many people apply for a low-interest personal loan to consolidate high-interest credit card debt.
What is a personal loan?
A personal loan is a loan offered by many banks, credit unions, or online personal loan lenders and typically range from $5K-$100K.
What credit score is needed for a personal loan?
Applying for personal loans online or at your financial institution will require meeting your lender’s criteria.
How much money can I get a personal loan for?
The answer depends on a wide range of factors, which mainly includes the type of lender and your credit score.
Ready to partner with Riverhead?
Apply in less than 5 minutes with no impact to your credit score.