Business Equity Line of Credit

An innovative new product from CenterBank that allows you to use the equity in your commercial real estate to secure a revolving line of credit. The CenterBank Business Equity Line of Credit features low interest only minimum monthly payments for maximum budget flexibility. Of course you can pay more if you choose, even pay it in full at any time and reborrow the money at a later date. Avoid the hassle and expense of a cumbersome annual renewal process while providing for the flexible financing needs of your growing business.

• No annual renewal necessary


• No annual fee


• No annual statements required¹


• Terms available of up to five years


• Easy access by check


• Low interest only minimum monthly payments


• Ability to repay the money and reborrow it


• Pay interest only on the amount you borrow


• Up to 80% LTV available


• Choose a variable interest rate based on the Prime Rate, or a 1-, 3-, or 5-year adjustable rate loan


• No clean up period required


• Various size lines to fit your needs

1 CenterBank reserves the right to require the submission of tax returns and other financial information from time to time.

A one percent origination fee covers the cost of a flood determination certificate, title report, environmental checklist and normal recording fees.

Subject to credit approval and property evaluation.