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Line of Credit
Staying ahead of the unexpected.
Fluctuating cash flow is a part of operating a business. Even with relatively predictable sales revenues there will be times when expected expenses are higher, or when unexpected expenses arise. A line of credit can help you manage these times.
Money When You Need It
A line of credit is a loan that allows you to advance money as you need it. It provides the ability to have a level amount of funds available when needed, often based on a cash flow projection.
A line of credit can be helpful for seasonal cash flow adjustments or to cover larger than normal short-term outlays related to your cost of goods sold.
A rancher discovers he needs to replace the auger on the feed bin for his cattle operation. It's vital it be replaced right away. He already has planned to take a load of steers to market within the next 45 days. He uses his line of credit to get him through this unexpected emergency and knowing it can be quickly paid off.
Interested in Applying for a Line of Credit?
Contact your PCB loan officer. We're here to help – call 547-2436!
Short Term Loan
We can also help you determine if a short-term loan might be a better option. Short-term loans (60 or 90 days) for example can help contractors purchase materials when a bid has been awarded on a contract job. Call your PCB loan officer at 547-2436 to learn about the best use for a short-term loan.