Asset-Based/Formula Line of Credit
Leverage the value of your assets to meet your financing needs.
Opus Bank’s flexible asset-based/formula line of credit can help you manage rapid growth, expand your business’s product lines, enter new markets, make an acquisition, or recapitalize. By using the liquid assets of your business (such as accounts receivable and inventory) or fixed assets (such as property and equipment as collateral), you can gain access to needed funds, allowing you to capitalize on opportunities and take your business to the next level.
More About Our Asset-Based/Formula Line of Credit:
- Advances and repayments can be made at any time during the term of your line of credit.
- Access funds quickly and easily by check, by phone, at any Opus Bank office.
- Interest is charged only on the portion of your line that your business is using.
- Lines of credit have competitive variable interest rates.