Business Lines of Credit

A Sonabank line of credit gives you the power to keep up with the market and pull ahead. This loan is ideal for short-term needs and for capitalizing on opportunities. After all, you don't have time to apply for a loan every time you need funds. With a line of credit, the funds are already waiting for you when you need them.

Details
  • Competitive rates for a variety of long-term or seasonal business needs:
    • Commercial construction
    • Expansion
    • Working capital
    • Business startup
    • Equipment/vehicles
  • Provides greater financial flexibility
  • Repayment terms customized to your business's budget
  • Revolving credit — as principal is repaid, more becomes available for use
  • Pay interest only on the portion you spend
  • Over a century of local business experience
  • Local decision-making and processing
  • Detailed, attentive service from start to finish
Types of Lines of Credit

Standard Line of Credit

This line of credit can be used for day-to-day business needs and may be secured by business assets such as real estate, marketable securities and certificates of deposit.

Commercial Overdraft Protection

Sonabank offers commercial overdraft protection, which is a line of credit that is tied to your business checking account. For a low annual fee, you can protect your accounts and reputation. Interest is charged only on outstanding balances, and repayment is made by convenient monthly deductions from your checking account.