Basic Business Builder
A revolving line of credit for the flexibility you need.
Convenient – easy access, no pre-determined term and no formal loan closing.
Designed to meet the unique needs of businesses like yours, the Basic Business Builder line of credit gives you the flexibility to:
- Access funds for any business purpose, quickly and conveniently, by check, telephone transfer and electronic banking.
- Save on interest and fees since this unsecured line of credit offers low rates and no transaction fees.
And comes with:
- No pre-determined term.
- Interest only monthly payments.1
- Variable interest rate.2
- No loan closing.
Established (at least 3 years old) businesses looking for a financing solution to supplement cash flow, take advantage of unexpected business opportunities, expand your business or cover for any business expenditure.
How it Works:
Get fast, convenient access to your line when you use your Basic Business Builder checks to pay vendors or employees, make larger purchases and more from your line of credit.
|Credit Amount:||Lines from $10,000 to $250,0003|
|Terms:||Revolving line of credit.|
$100 Loan Fee (one time)
|Optional Feature:||Automatic Payments: Receive a ¼% rate discount when payments on your Basic Business Builder line are made automatically from your City National Bank business checking account. The ¼% rate discount will not reduce any minimum interest rate imposed on the line.|
|How to Apply:||Apply in person at a City National Bank location near you.|
- Monthly payment will also include any assessed fees. If Line of credit is cancelled or terminated, monthly payments will change to principal and interest as well as any assessed fees.
- Minimum interest rate may apply
- Subject to credit approval.
- No annual fee on Basic Business Lines of Credit domiciled in our New York offices.