Revolving Lines of Credit

Program Highlights

• Up to 80% advance on eligible accounts receivable
• Up to 25% advance against inventory
• Daily, weekly or monthly borrowing base reporting
• Collections through remittance banking program

Interest Rate

• As low as Oxford Bank's base rate floating with no rate floors or caps
• Short-term fixed rates are also available

Preliminary Items Needed to Apply

• Loan application
• Current company aging of accounts receivable and accounts payable
• Current company balance sheet and profit / loss statement
• Detailed business plan and financial projections for two years together with twelve month cash flow
• Personal financial statement together with personal and company tax returns for preceding two years

Contact us at businessloancenter@oxford-bank.com or (630) 629-5000 for more information.