First Bank of Owasso

Business

Lines of Credit

To facilitate the day-to-day operations of your business, we offer line of credit financing or term notes to assist with the cash flow cycle. A revolving line of credit is an excellent way to have a commitment in place that allows you flexibility in advancing funds and making principal reductions. Lines of credit are often utilized by businesses to assist with inventory purchases and accounts receivables. A term note can also be established for upfront cash flow needs that you desire to payout on a pre-determined fully amortizing schedule.

Lines of credit may be financed by a fixed asset such as real estate, or by accounts receivable and inventory (asset based). Real estate secured lines of credit allow a business to have the capacity to borrow up to the amount of the line at any time.

For Asset Based lines of credit, you can simply provide us with a periodic borrowing base that summarizes the inventory and accounts receivable values. The borrowing base calculations determine the specific amount that a business has available under the line to advance and assists a business in managing cash flow as well as appropriate borrowings.

We understand that managing cash flow is vitally important to the success of any business. To learn more about how we can assist your business with credit needs, please contact a commercial lender. We would look forward to learning more about the specific needs of your business. If you prefer, please complete a confidential Business Loan Referral Information form.

First Bank of Owasso is also an approved lender through the U.S Small Business Administration (SBA) loan programs.

 
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