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Business Lines of Credit

Low Introductory Rate

2.75% fixed intro APR  |  Variable APR after six months.
Apply by July 29, 2022. See additional information below.‡

Keep your business moving.

Access the funds your business needs, only when you need them, with flexible line options and dedicated support from your Relationship Manager.

CNB Business Line of Credit
Access a revolving line of credit for your short-term working capital needs.

BORROW UP TO

$1 Million*
  • Lines from $250,001 to $1 million
  • Revolving line of credit that renews annually
  • Interest-only monthly payments³
  • 0.25% rate discount when payments are made automatically with a City National checking account²

*Subject to credit approval.

Basic Business Builder
A flexible, unsecured, revolving line of credit with low rates and no transaction fees.

BORROW UP TO

$250,000*
  • Unsecured lines from $10,000 to $250,000
  • No pre-determined term
  • Interest-only monthly payments³
  • 0.25% rate discount when payments are made automatically with a City National checking account²

*Subject to credit approval.


How to Apply


Send us your information and a Relationship Manager will help you apply for an account.


*Required information


Do not add "1" before the area code
Briefly describe the business banking product or service you're interested in

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Secured Business Lines

A fixed- or variable-rate3, revolving business line of credit that can be secured by your business's savings, CDs, stocks or bonds. 

 

Commercial Equity Lines

Tap into the equity of commercial real estate to secure $250,000 to $1 million for your business.1 Call or visit your local branch to learn more. 

Business Equity Lines

Business owners can leverage their primary residential property to access credit. Secured lines from $10,000 to $1 million.1

 

Put your assets to work.

Borrow against your accounts receivable, inventory, equipment, real estate or intangible assets to access working capital.

The Benefits of Borrowing

A Dedicated Relationship Manager

All lending accounts are supported by a Relationship Manager who will guide you through the application process and any other banking needs.

Rate Discounts

You'll receive a 0.25% interest rate discount when you make automatic payments with a City National Bank business checking account.²

Secured Lines

Borrow against business assets to access lower interest rates.

 

Easy Access to Funds

Access funds from your loan or line of credit through checks, online banking or telephone transfer.

 


FAQs

A business line of credit allows your business to borrow money to supplement cash flow, take advantage of business opportunities, expand your business or cover a variety of other business expenses.

A business line of credit provides you with access to a certain amount of money that you can draw from when your business needs working capital. You will only need to pay back the amount you withdraw, plus interest.

Business lines of credit are typically secured or unsecured. A secured business line of credit requires the business to pledge collateral such as cash, inventory, property or equipment to secure funds, whereas an unsecured business line of credit does not require collateral.

Applicants must complete and submit an application through a City National Bank Relationship Manager. Give us a call, send us your information, or visit your local City National Bank branch to get started.

A business line of credit is a great way for growing businesses to satisfy its cash flow needs. Businesses can use funds for a variety of purposes, allowing you to allocate funds where you need them most. And unlike a loan, a business line of credit allows you to use funds only when you need them, and you are only required to pay interest on the amount that you use.

1. 

Subject to credit approval. Secured loans and lines may allow for higher loan amounts or credit limits.

2. 

If you have a City National Bank business checking account and elect the automatic payment feature, you will receive a 0.25% interest rate discount. If automatic payments are discontinued, we reserve the right to increase the client's interest rate by 0.25%.

3. 

Variable rates are subject to change and may fluctuate.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.

The Basic Business Builder Line of Credit is available in an amount between $10,000 and $250,000. Subject to the above, there is no minimum line amount to receive the introductory rate offer. Introductory rate is a fixed rate of 2.75% for the first six months following the opening of the Basic Business Builder Line of Credit account. Thereafter, the rate will vary based on the City National Bank Prime Rate, as it changes from time to time, plus a margin assigned by City National, with a minimum interest rate of 3.50%. Any rate discount for automatic payment from a City National checking or savings account will not reduce the 2.75% fixed rate during the 6-month introductory period or any time the 3.50% minimum interest rate applies thereafter. Additional fees may apply. A Basic Business Builder Line of Credit account in an amount greater than $100,000 must be secured by a security interest of first priority in business assets (other than real estate). The Basic Business Builder Line of Credit has no predetermined maturity date and is subject to cancellation at any time. See Terms of Offer for Business Lines of Credit below.

The Business Revolving Line of Credit is available in an amount between $250,001 and $1,000,000. Subject to the above, there is no minimum line amount to receive the introductory rate offer. Introductory rate is a fixed rate of 2.75% for the first six months following the opening of the Business Revolving Line of Credit. Thereafter, the rate will be a variable rate based on the City National Bank Prime Rate, as it changes from time to time, plus a margin assigned by City National, with a minimum interest rate of 3.50%. Any rate discount for automatic payment from a City National checking or savings account will not reduce the 2.75% fixed rate during the 6-month introductory period or any time the 3.50% minimum interest rate applies thereafter. Additional fees may apply. The Business Revolving Line of Credit must be secured by a security interest of first priority in business assets (other than real estate). The Business Revolving Line of Credit has a term of one year and may be renewed for additional one-year periods at City National’s option. If the Business Line of Credit is renewed, the interest rate will be a variable rate based on the City National Bank Prime Rate, as it changes from time to time, plus a margin assigned by City National, with a minimum interest rate of 3.50%. If the Business Revolving of Credit is not renewed by City National at the end of any one-year term, a balloon payment of the entire outstanding balance will be due and payable. See Terms of Offer for Business Lines of Credit below.

Terms of Offer for Business Lines of Credit: [This offers is limited to the business organization addressee only and is not transferable.] The business organization may receive the 2.75% introductory fixed rate offer for only one of either a Basic Business Builder Line of Credit, or a Business Revolving Line of Credit. The Basic Business Builder Line of Credit and Business Revolving Line of Credit are subject to credit approval and documentation acceptable to City National Bank. This offer is not available to Small Business Administration guaranteed lines of credit, asset-based or similar lines of credit, or any renewals, extensions, modifications or refinancing of any existing lines of credit. To be eligible for these offers, (i) a signed and dated loan application on City National’s approved form, as well as financial and other information requested by City National, must be received no later than July 29, 2022, and (ii) if a Basic Business Builder Line of Credit or Business Revolving Line of Credit is approved, then loan closing must occur by September 29, 2022. Additional terms, conditions and fees apply. Ask us for details.