Small Business
Small Business
Secured 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 for the Secured Line of Credit.
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Loan At A Glance
Line of Credit amount1 $100,000 to $3 million
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 Rate2
Renewal requirement Subject to annual review and renewal
Payments Monthly interest-only payments automatically deducted from your PNC business checking account. Principal payments can also be made by the borrower at any time.
Value added extras Provides overdraft protection for your PNC Business checking account
Collateral required Non-Real Estate business assets

Benefits
  • Increased credit flexibility -- Collateralized lines of credit generally have lower interest rates and higher credit limits than comparable unsecured lines of credit
  • Automatic Interest-only payments -- Deducted from your PNC Business checking
  • Fast and easy access - Online, by phone, or write a check for same day access to loan proceeds
  • Get peace of mind - Use your line of credit to provide optional overdraft protection for your PNC Bank Business Checking account
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.

Bank deposit products and services provided by PNC Bank, National Association. Member FDIC