Lines
of Credit
Benefits
-
A line of credit offers you the flexibility that you
need in order to take advantage of business opportunities.
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It allows you to efficiently handle recurring business
operations.
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A line of credit is usually paid with the cash flow
that is generated by your business.
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It is an efficient borrowing
and disbursement mechanism that corresponds to the needs of your
business.
Select the Most Convenient Line of Credit
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Revolving Credit:
It allows you to borrow, repay, and borrow again up to the available
credit limit offered by Banco General for the term of the loan.
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Non-revolving
Credit:
It allows you to draw funds, either totally or partially, throughout
a fixed term. With each payment to your Line of Credit, the availability
of credit is deducted by that amount.
Using a Line of Credit
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To meet the changing needs of inventory levels.
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To take advantage of trade discounts offered by
your suppliers.
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To confront sudden cash shortfalls.
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To finance projects
and contracts.
Through our On-Line Business Banking (Banca en Línea Comercial) service,
you can check your outstanding balance, limit, availability and statements
of your Line of Credit, 24 hours a day, from anywhere
in the world.
Decide today and give your company more opportunities to grow! Call (507)303-5001
and our Credit Officers will guide you towards the best financial alternative
for your business.
Contact us for more information.
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