| Product |
Description |
Collateral
Requirement |
Access to Funds |
Loan/Line
Amounts Available |
| Convenience Line of Credit |
- For businesses that need a revolving line of credit to take discounts, purchase inventory, improve liquidity or meet short term cash requirements
- Variable rate tied to Compass Bank's prime
- Minimum payment of $50 or 2% outstanding balance
- No maturity
|
Unsecured and SBA Express eligible |
Check, Telephone Transfer or Branch |
$10,000 - $50,000 |
| Traditional Line of Credit |
- For businesses that need a revolving line of credit to take discounts, purchase inventory, improve liquidity or meet short term cash requirements
- Interest only payment period
|
Secured and Unsecured |
Check, Telephone Transfer or Branch |
$50,001 - $500,000 |
| Business Equity Line of Credit
(not available in Texas or California) |
- For businesses that need a revolving line of credit to take discounts, purchase inventory, improve liquidity or meet short term cash requirements
- Line can be secured by primary residences of multiple business principals
- Businesses can use for any purpose – to purchase inventory, improve liquidity or meet short-term cash requirements
- Competitive, variable interest rates
- No closing costs
- Interest only
- 240-month maturity
|
Secured (by primary residence)* |
Check, Telephone Transfer or Branch |
$10,000 - $500,000 |
| Business Credit Cards |
- For businesses that need a revolving line of credit to take discounts, purchase inventory, improve liquidity or meet short term cash requirements
- Competitive interest rates
- Ability to give cards to key employees and set individual limits to better manage spending
- Extended cardholder benefits provided directly by Visa
- Monthly payment is 5% of balance
- No maturity
|
Unsecured |
Credit Card |
Business Rewards $3,000 + |
| Business Term Loan |
- Installment loan for long term needs, working capital or to purchase equipment
- Principal & Interest
- 1-5 years maturity
|
Secured and Unsecured |
- Funded at closing
- Up to 6-month draw
|
$5,000+ |
| Commercial Real Estate Loan |
- Installment loan for long term needs, working capital, purchase equipment, expand facilities or acquire business real estate
|
Secured |
- Funded at closing (purchase/refinance
- Up to 12-month draw (construction)
|
$25,000+ |
| SBA (Small Business Administration) Loans |
- Loans for businesses that are not ideal candidates for conventional lending
- Loans are partially guaranteed by the Small Business Administration
- Can apply to all loan types
- Competitive Interest Rates
|
Secured and Unsecured |
Varies based on loan type |
Varies based on loan type |
