SBA CAPLine line of credit
The SBA CAPLine line of credit, is for small business owners who need to meet their short-term and long-term working capital.
SBA CAPLine line of credit at a glance
How can an SBA CAPLine streamline your cash flow?
An SBA CAPLine line of credit helps to manage your cash flow while you wait to collect on accounts receivable and inventory, allowing businesses to shorten their cash cycle need.
SBA CAPLine line of credit details
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- Available capital up to 80% of your eligible accounts receivable and 50% on eligible inventory
- Ability to borrow against your outstanding accounts receivable and current inventory
- Asset-based line funded based on a borrowing base
- Sweep account allows for easy payments and access to the line of credit
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- Ask an SBA Banker about fees associated with SBA loans and lines of credit
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- Borrow up to $5 million
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- Twelve-month revolving product with the ability for renewal review
Small business resources
SBA CAPLine line of credit FAQ
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A revolving line of credit that allows a business owner to access working capital funds from their accounts receivable and inventory, before they’re received or sold, allowing them to pay bills earlier, thus reducing their cashflow cycle.
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This product is structured as a 12-month interest-only revolving line of credit with a monthly borrowing base.
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In addition to a standard loan application package, a borrower will be required to provide their various aging reports (accounts receivable, accounts payable and inventory) so that an appropriate line of credit size can be established.
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