Use our easy online application.
Secured lines of credit are a great option if you need short-term working capital to cover business needs such as gaps in accounts receivable collections or inventory purchases. Non-real estate business assets are provided by the borrower as collateral.
Line of Credit amount
|$100,001 to $3 million|
|Easy access to funds||Write a check drawn against the account, or transfer funds into an eligible PNC deposit account using online banking or by telephone|
|Interest Rates||Variable, based on the Prime Rate|
|Payments||Monthly interest-only payments automatically deducted from your business checking account during revolving credit period. Principal payments can also be made by the borrower at any time|
|Value added extras||Your line of credit may be eligible for overdraft protection for your PNC Bank business checking account
|Collateral required||Non-Real Estate business assets|
|Annual Fee||Annual fee of 0.25% of committed line amount|
We’ll help make your business lending experience easy. Your PNC Business Banker will walk you through the lending process and help you gather all necessary information to apply. Enjoy the convenience of applying online, over the phone, or at any PNC Bank branch – choose the way you prefer.
After you apply, you can expect:
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:
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 person who opens an account. What this means to you: When you open an account, we will ask you for 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 documents.
Use 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. Read Guidelines »
Call us at 1-855-762-2365 between 8:00 a.m. and 6:00 p.m., ET, Monday through Friday to talk with a PNC Business Banking representative.
Complete the contact form below and a PNC Business Banking representative will contact you within 1 – 2 business days.
All loans and lines of credit subject to credit approval and require automatic payment deduction from a business checking account. Additional fees may apply.
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.
PNC Bank reserves the right to require submission of tax returns and other business and financial information from time to time.
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.
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