All loans, lines of credit and PNC Bank credit cards are subject to credit approval. Requires automatic deduction from your PNC business checking account. Other fees and charges may apply. May be subject to a property appraisal.
Secured Small Business Line of Credit
Increase the Cash of Your Small Business to Cover Short-term Business Needs
Features & Benefits
Increased Credit Flexibility
Collateralized lines of credit generally have lower interest rates and higher credit limits than unsecured lines of credit
Automatic Interest-only Payments
Deducted from your PNC Business checking
Online, by phone, or write a check against the line amount
Use your line of credit to provide optional overdraft protection for your PNC Bank Business Checking account
Loan at a Glance
|Loan Amount||$100,001 and up|
|Easy Access to Funds||Write a check drawn against the account, or transfer funds from your PNC business checking using online banking or by telephone|
|Interest Rates||Variable, based on 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|
What You Need to Apply
We'll help simplify your business lending experience. Your PNC Business Banker will walk you through the lending process and help.
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.
Review Our Business Lending Guidelines
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.
Complete the contact form below and a PNC Business Banking representative will contact you within 1 to 2 business days.
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 The PNC Financial Services Group, Inc. and Member FDIC.
PNC is a registered mark of The PNC Financial Services Group, Inc. ("PNC").
Important information: Calls to or from us may be monitored or recorded by us for security, fraud prevention, 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. Standard text message and data rates may apply.