For growing businesses that need a consistent source of capital, the Wachovia Traditional Line of Credit provides flexible financing at competitive rates. Lines range from $50,000 to $750,000.
Benefits of Traditional Line of Credit
Interest-only for up to three years with liquid or real estate secured revolving lines.
Interest-only for up to one year with unsecured or receivable-secured lines.
Minimal paperwork and fast credit decision.
30-day clean-up not required on lines under $100,000.
Exact interest rate and line amount may vary depending on the results of your credit review.
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.
Loans to sole proprietorships must be in the name of the individual who is the sole proprietor.