Compass Business Equity
Line of Credit
Put your home to work for your business
and save with our great low rates.
Now your residence can help you get a Business Equity Line of Credit at BBVA Compass, and the cash you need.
Our unique Business Equity Line of Credit gives qualified business owners fast, easy access to the funds they need for their business, and at a lower rate than most unsecured business loans or lines of credit.
- Business equity lines starting at $10,000
- Competitive, variable rates
- Flexible terms and easy access to funds
- No closing costs*
- Available to all businesses including sole proprietors, partnerships, LLCs and corporations
- Line can be secured by primary residences of multiple business principals
And at BBVA Compass, we save you time as well as money. Thanks to our fast answers and prompt customer service, you'll have your Business Equity Line of Credit before you know it.
Terms: BBVA Compass must receive a valid first or second real estate lien on a primary residence occupied by one or more of the borrower(s). Property insurance required including flood insurance where applicable. Minimum line amount is $10,000. $50 annual fee charged on the line of credit. Offer subject to approval, including credit approval. Maximum LTV is 80%. Not available in California and Texas.
Tax benefits: consult your tax advisor regarding deductibility of interest.
*Closing costs: Closing costs typically range from $300 to $1,000. Closing costs will be waived but will be recouped if Agreement is terminated within 3 years of closing. Only bank-required closing costs will be waived.