Small Business Line of Credit
Add some flexibility to your finances.
Get the funds to get things done
A Fifth Third Business Line of Credit can help your business increase revenues and expand profits by providing the financial flexibility to cover gaps in business cash cycles. We offer two types of business lines of credit.
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Business Line of Credit Uses:
- Manage day-to-day business needs.
- Access funds to meet short-term working capital needs, such as inventory purchases, future project costs, or company payroll.
- Take advantage of immediate business opportunities.
- Pay for equipment repair and upgrade.
- Meet seasonal business needs—cover overhead, meet payroll, maintain normal business activities.
- Finance initiatives or marketing campaigns to attract new customers and generate additional revenue through expanded business or sales.
Unsecured Line of Credit1
- Approval and access to funds quickly.
- Unsecured credit lines and terms loans from $10,000 up to $100,000.
- No collateral necessary for approval.
Secured Line of Credit1
- Requires a business to pledge short-term assets as collateral to secure the loan, such as accounts receivable and inventory.
- Since secured lines of credit are secured against business assets, they result in higher borrowing amounts over $100,000.
- Provides access to funds via check, Financial Center or online.
Note: Secured line of credit available at competitive interest rates. Pay no interest until you draw money from the line.
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