Commercial Lines of Credit
- Summary
Strike while the iron is hot, with funds available fast on a commercial line of credit. A line of credit at Park State Bank works just like a loan — only instead of a pre-determined larger sum, borrow expense-by-expense and only pay interest on what you use.
Re-access funds in real-time, without having to re-apply. It's more efficient funding, right when you need it, from a name trusted by Minnesotans for nearly a century.
Essentials:
- Low, competitive rates
- Pay interest on funds you use, not the larger lump sum
- Interest may be tax deductible*
- Re-access funds, no re-application necessary
- Flexible terms that work for you
- Borrow as many times as need be
- Use funds for a variety of business purposes
- Local business experience and expertise
- Local decision-making
- Professional service, personal attention
- Small business line of credit available
- Letters of credit also available!
*Consult a tax advisor.
