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BUSINESS EQUITY LINE

A Wachovia Business Equity Line allows you to use your residential real estate to qualify for short- or long-term credit. Since the loan remains in your business’s name, it helps you keep your business and personal expenses separate.

Available credit ranges from $11,000 to $1,000,000.

Benefits of a Wachovia Business Equity Line

Credit decision generally within 24 hours
An interest rate as low as Prime minus 0.50% for lines of $100,000 or greater¹
An interest rate as low as Prime minus 0.25% on lines from $25,000 to $99,000¹
Overdraft protection for your business checking account²
Access to your available credit over a 15-year period³
Low monthly payments of interest only during draw period
No annual fee
Potential tax savings⁴

Get Control Over Your Rate and Payment with a Fixed Rate Option

With an outstanding Business Equity Line balance of $5,000 or more, you can convert all or a portion of the outstanding balance of your variable-rate line of credit to a fully amortizing repayment plan with a fixed rate. As you pay down the fixed-rate balance, your revolving line of credit is replenished for future use (at the current variable rate).

No application required
No fees
One monthly statement
Possible tax deduction⁴

This Fixed Rate Option is only available in AL, CT, DC, DE, GA, FL, MD, MS, NC, NJ, NY, PA, SC, TN and VA.

¹ Exact interest rate and line amount may vary depending on the results of your credit review.

² Overdraft protection feature not available in New York or Connecticut.

³ Draw period is 10 years in Connecticut and Tennessee.

⁴ Consult your tax advisor concerning interest deductibility.

Loan amounts available vary by state.

All loans and lines of credit subject to credit approval, verification, and collateral evaluation. Initial decision will be subject to you meeting specific underwriting requirements and final approval will be based upon you meeting certain other requirements. Loans and lines of credit originated by Wachovia Bank, National Association, or, where applicable, Wachovia Financial Services, Inc. or Wachovia Bank of Delaware, National Association. Products subject to change without notice. Business Equity Line not available in Texas.

Loans to sole proprietorships must be in the name of the individual who is the sole proprietor.

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