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10th May 2016, 08:42 AM
Super Moderator
 
Join Date: Aug 2012
Re: Bank Of America Line Of Credit

I will help you here to get the details about Bank Of America Business Line Of Credit so that you can have idea about it.

Features
Flexible revolving credit lines starting at $10,000
Competitive variable rate based on the prime rate (we also consider your overall business relationship with Bank of America)
Fast, easy access to funds whenever you need them—online, over the phone or in a financial center
Pay no interest until you draw funds
Pay in full or over time

Credit Line amount
Unsecured (borrow $100,000 or less)
Secured with a blanket lien on your assets
Secured with a certificate of deposit (borrow up to 100% of the CD value)

Term rates
TermTerm RateRate Upfront feesUpfront fees Renewal feeRenewal fees
Revolving with annual renewalfootnote1
Competitive rate based on the prime rate and that considers your overall business relationship with Bank of America
$150 for amounts up to and including $100,000
$150 for amounts up to and including $100,000
$250 for amounts above $100,000 and up to and including $250,000
$250 for amounts above $100,000 and up to and including $250,000

0.5% of the line amount for amounts above $250,000
0.5% of the line amount for amounts above $250,000


Address:-
Bank Of America
Founders Hall
100 N Tryon St #170
Charlotte, NC 28202

Phone:-
+1 980-335-3561


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