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Secured Small Business Line of Credit

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.

Get Started

Use our easy online application.

Apply Online
What will you need to apply? »
Business Lending Guidelines »

Let's Talk

Still have questions before you apply?

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Locate a PNC branch »

Features and 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 Business checking
  • Easy access – Online, by phone, or write a check against the line amount
  • Get peace of mind – Use your line of credit to provide optional overdraft protection for your PNC Bank Business Checking account

Loan at a Glance

Line of Credit amount

 $100,001 to $3 million[1]
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[2]
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
How to Apply

What you Need to Apply

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 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.  Read Guidelines »

Related Resources

Important Legal Disclosures and Information

  1. All loans and lines of credit subject to credit approval and require automatic payment deduction from a 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.

equal housing lender

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.

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.

Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.