Business Lines of Credit
Opportunities don’t always wait and with an Eagle Bank Business Line of Credit, you don’t have to either. Access funds quickly when you need them for working capital, inventory purchases, or unexpected expenses. Our flexible lines of credit are designed to give your business the cash flow support it needs to keep moving forward.
Why Choose a Business Line of Credit with Eagle Bank?
Flexible Access
Borrow what you need, when you need it — and pay interest only on what you use.
Efficient Decisions
Expert, local decision-making means faster access to funds.
Relationship-Driven Support
Our team takes the time to understand your business so your financing aligns with your goals.
Seamless Account Integration
Easily transfer funds directly into your Eagle Bank business checking account for instant liquidity.
How It Works
A Business Line of Credit offers revolving access to funds. This can be ideal for short-term needs, seasonal fluctuations, or bridging cash flow gaps.
| Here’s What You Can Expect: | |
|---|---|
|
Purpose |
Short-term working capital or inventory purchases |
|
Loan Amount |
$50,000 to $1,000,000 |
|
Term/Maturity |
Demand (subject to annual review) |
|
Interest Rate |
Variable, based on the Wall Street Journal Prime Rate plus a margin |
|
Access to Funds |
Advances made directly to your Eagle Bank business checking account |
|
Payment Structure |
Interest-only monthly; principal may be repaid at borrower’s discretion or on demand |
|
Collateral |
First lien on business assets and/or liquid collateral |
|
Guarantee |
Required from each borrower/owner |
|
Costs |
Closing costs vary by transaction; annual facility fee of 1% |