Lines of Credit


Explore our small business lending options for the scenario that best fits your needs.

Business lines of credit: provide access to cash up to a set credit limit and charge interest only on the amount businesses borrow. Most lines of credit are revolving, like a credit card. Others may end after borrowers spend the total credit line amount and pay it off.

  • Apply for a specific credit limit from $15,000 up to $150,000*
  • Maximum term is 12 months               


APPLY NOW- LOC SECURED

APPLY NOW- LOC UNSECURED


Line of credit can be unsecured, secured by Bank of Clarke Savings or CD’s, or UCC on Business Assets


*Total business loans with Bank of Clarke cannot exceed $500,000.  

*Loans are subject to credit approval.  Standard underwriting guidelines and credit policies apply.  

*Eligible business type: Operate a for-profit entity such as a sole proprietorship, partnership, corporation, or LLC. Business must be in operation for at least two years.

*If you would like to talk to a lender directly, CLICK HERE

For questions specific to the online application email  [email protected].









 


Things to know before you apply                    

  • Basic information about the business and its operations including:
    1. Names and email addresses for all Business Owners/Guarantors with an ownership interest of at least 20% or more
  • Your personal information including:
    1. Street address, phone number, and Social Security Number
    2. Monthly Gross Income and Net Worth
  • Financial information including:
    1. Number of employees, Number of Years in Business, Business Annual Revenue 
    2. Details about your collateral, if applicable

What you’ll need to do

  • For small business loan requests, complete the registration using the individual’s name and email address – do not use the business entity information.
  • All parties must complete the application
    1. This online application will require each Owner(s) and Guarantor(s) to complete the application electronically. Each individual will be required to fill out their personal information and must accept terms and conditions to submit the online application.
    2. Remove any freeze placed on your credit report. 
    3. If you believe any Owner or Guarantor will not be comfortable with submitting an online application, please contact your local small business specialist.
    4. If you need additional assistance with the online application, please email [email protected].