Line of Credit Comparison

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Unsecured Small Business Line of Credit

 

What You Need to Apply »

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Secured Small Business Line of Credit

 What You Need to Apply »

Loan Type Benefits

Simplified loan application and decisioning process

Uses the value of receivables, inventory or equipment to obtain larger short-term working capital financing

Typical Uses

Short-term working capital, cash flow timing gaps, general business needs

Larger short-term capital needs, seasonal inventory, growing receivables

Account Features & Fees
Minimum Line Amount+1

$20,000

$100,001

Maximum Line Amount+1

$100,000

$3,000,000

Collateral Requirement

None

Non-Real Estate business assets

Term

N/A

N/A

Interest Rates

Variable, based on the Prime Rate[2]

Variable, based on the Prime Rate[2]

Annual Fee

$175

0.25% of committed line amount

Payments

Monthly interest plus principal payments. Payment amount is 1.5% of the balance (minimum $100).

Monthly interest-only payments during revolving credit period. Principal payments can also be made at any time.

Required automatic monthly payment from PNC business checking account
Funds accessible by check, online transfer or telephone

yes

yes

View balances, transactions and make payments online

yes

yes

Provides optional Overdraft Protection to PNC business checking account

Small Business Line of Credit

What You Need to Apply »

Loan Type Benefits

Simplified loan application and decisioning process

Typical Uses

Short-term working capital, cash flow timing gaps, general business needs

Account Features & Fees
Minimum Line Amount+1

$20,000

Maximum Line Amount+1

$100,000

Collateral Requirement

None

Term

N/A

Interest Rates

Variable, based on the Prime Rate[2]

Annual Fee

$175

Payments

Monthly interest plus principal payments. Payment amount is 1.5% of the balance (minimum $100).

Required automatic monthly payment from PNC business checking account
Funds accessible by check, online transfer or telephone

yes

View balances, transactions and make payments online

yes

Provides optional Overdraft Protection to PNC business checking account

Secured Small Business Line of Credit

 What You Need to Apply »

Loan Type Benefits

Uses the value of receivables, inventory or equipment to obtain larger short-term working capital financing

Typical Uses

Larger short-term capital needs, seasonal inventory, growing receivables

Account Features & Fees
Minimum Line Amount+1

$100,001

Maximum Line Amount+1

$3,000,000

Collateral Requirement

Non-Real Estate business assets

Term

N/A

Interest Rates

Variable, based on the Prime Rate[2]

Annual Fee

0.25% of committed line amount

Payments

Monthly interest-only payments during revolving credit period. Principal payments can also be made at any time.

Required automatic monthly payment from PNC business checking account
Funds accessible by check, online transfer or telephone

yes

View balances, transactions and make payments online

yes

Provides optional Overdraft Protection to PNC business checking account
  1. All loans and lines of credit subject to credit approval and require automatic payment deduction from your PNC business checking account. Additional 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.

Not all features and benefits applicable for all products

Bank deposit, treasury management, and lending products and services are provided by PNC Bank, National Association, a wholly owned subsidiary of PNC and Member FDIC.

PNC is a registered mark of The PNC Financial Services Group, Inc.

† 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.

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