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As
a business owner, you work hard to make life better for you
and those around you.
Hancock Bank understands.
One way we can help is through our Business Resource Line
of Credit. Once established, you can respond to opportunities
as quickly as they arise!
SUPPLEMENT
YOUR CASH FLOW
Cash flow is the life line of your business. With Hancock
Bank’s Business Resource Line of Credit, you’ll have the cash
you need to supplement any business investment or to use as
short-term working capital. And, the Hancock Bank Business
Line of Credit is a revolving credit line, which means that
as you repay the amount borrowed, the money becomes available
for you to use again and again!
- Establish
a credit line for as little as $10,000 or as much as $100,000*
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Borrow only as much money as you need*
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Pay interest only on the amounts you actually use*
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Interest rates are variable and based on the prime
rate as listed in The Wall Street Journal*
-
5-year maturity with annual reviews*
- Easy
access to funds and balances - available when you need it
-
Write a check
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Make a phone call
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Visit your local branch
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View detailed monthly statements
- Convenient
payment terms
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Enjoy easy, flexible payment plans
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Repay as your cash flow allows
- USE
your Hancock Bank Business Resource Line of Credit for whatever
purpose you choose...
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Purchase inventory
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Seasonal cash flow
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Small equipment purchases
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Take advantage of vendor discounts
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Unexpected business or investment opportunities
IT’S
EASY TO APPLY!
Apply only once for the term of your loan
To apply, complete the Business Resource
Line of Credit (pdf 215kb)
application and bring it to any neighborhood Hancock Bank
location. Bring your business financial statement and prior
two years’ tax returns for easier approval. Loan approval
usually available within two business days.
Additional
business services available through your Hancock Banker:
Checking · Savings · Loans · Leasing ·
Cash Management · Payroll Services
Merchant Services · Retirement Planning · Insurance
· Investments
RESPOND
TODAY!
To light your way to some time out on the course and a successful
business, call us or stop by today.
*Introductory APR of Wall Street Journal Prime
is good for 6 (six) months after which, Business Resource
Line of Credit interest rate will be adjusted to Wall Street
Journal Prime plus up to a maximum of 5% based on credit wothiness
and ability to repay. Current Wall Street Journal Prime is
4.00% as of 04/05/04. The annual percentage rate will vary,
but will not exceed 21% APR. Business checking account required
to take advantage of special offer. All loans subject to credit
approval. Offer available for a limited time only on new Business
Resource Lines of Credit. Offer expires 07/31/04. Member
FDIC. Equal Housing Lender.
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