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Business Resource Line of Credit

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*
    • Borrow only as much money as you need*
    • Pay interest only on the amounts you actually use*
      • 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
    • Make a phone call
    • Visit your local branch
    • View detailed monthly statements
  • Convenient payment terms
    • Enjoy easy, flexible payment plans
    • Repay as your cash flow allows
  • USE your Hancock Bank Business Resource Line of Credit for whatever purpose you choose...
    • Purchase inventory
    • Seasonal cash flow
    • Small equipment purchases
    • Take advantage of vendor discounts
    • 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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