Choice Credit℠ for Business Line of Credit

An unsecured line of credit that puts funds from between $20,000 up to $100,000 at your fingertips.

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Use our easy online application.


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Features and Benefits

  • Simple and fast loan application and decisioning process
  • No collateral required  
  • Easy funds access

Loan at a Glance

Line of Credit amount $20,000 to $100,000[1]
Easy access to funds Write a check drawn against the account, transfer funds into an eligible PNC deposit account using online banking or by telephone 
Interest Rates Variable, based on the Prime Rate[2]
Renewal requirement Subject to annual review and renewal[3]
Payments Payment amount is 1.5% of the balance (or a minimum of $100)
Value added extras Provides overdraft protection for your PNC Business checking account
Collateral required None
Annual Fee Annual fee of $175.  
How to Apply

What You Need to Apply

Applying is easy, but before you start, there are a few things you will need to know or have available to successfully complete an application.

You may want to use copies of your most recent business and personal tax returns and/or financial statements to help you gather the information listed below:

  • To apply online you must be a PNC Bank Business Banking customer. If not, you can apply at any PNC Bank branch.
  • Know the dollar amount, type of loan you are applying for, borrowing purpose and collateral information, if applicable.
  • Have available any special loan promotion offer code you may have received, if applicable
  • Information we'll need about your business:
    -- Business Legal Name, Street Address, Phone Number, Email Address
    -- Type of business organization, year established, date acquired by the present owner and Industry Code (NAICS)
    -- Business Tax ID or Social Security number (sole proprietors only), Annual Sales/Gross Revenue, Number of Employees
  • Information we'll need about each Business Owner:
    Note: Each owner with 25% or more interest in the business is required as guarantor
    -- If you are submitting your application online, you will need all of the personal information from at least one owner, and for any additional owner(s)/guarantor(s) the items marked with an asterisk below. We will contact the additional owner(s)/guarantor(s) directly to gather any missing personal information.
    -- Name(s)*, Home Address(s)*, Personal Phone Number(s)*, Personal Email Address(s)*, Social Security Number(s)*, Date(s) of Birth*, Title(s), Ownership Percentage(s), Citizenship(s)
    -- Government issued photo ID (Driver's License, US Passport, or a state-issued ID) may be requested for verification purposes

Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each customer that opens an account. What this means for you: when you open an account, we will ask you your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying information.

Assess Your Creditworthiness

Review our Business Lending Guidelines to help you better assess your creditworthiness when applying for new or additional revolving or fixed-term financing. These guidelines are not the only criteria for a final credit decision, but they will empower you to better understand your financial position in the context of PNC’s business lending practices.

Associated Products & Services

PNC Business Credit Cards

Points. Travel Rewards. Cash Rewards. Lower Rates. No matter what you're looking for in a card, we've got you covered.

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Work with a Lending Leader

PNC Bank also has a long history of helping business customers match their financing needs with government-sponsored lending programs that meet their immediate and long-term goals.

Learn More »

PNC Business Checking

Your business checking account should provide the features and benefits you need for efficiently moving cash in and out of your business everyday. That's why we offer choices.

Learn More »

Important Legal Disclosures and Information

  1. All loans and lines of credit subject to credit approval and require automatic payment deduction from a PNC Bank business checking account. Origination and annual fees may apply.

  2. Prime Rate means the highest prime rate published in the "Money Rates" section of the Wall Street Journal for the last day of the preceding calendar month.

  3. Annual fee of $175. PNC Bank reserves the right to require submission of tax returns and other business and financial information from time to time.

† Important information: Calls to or from us may be monitored or recorded by us for quality control and training purposes. By providing your phone number and/or email address, you consent and agree to receive phone calls and electronic mail from PNC, its affiliates and designees.

Banking and lending products and services and bank deposit products are provided by PNC Bank, National Association (N.A.), a wholly-owned subsidiary of The PNC Financial Services Group, Inc. and Member FDIC.