Business Line of Credit
When it’s time to grow, we can help.
In Business, the Right Partner Makes All the Difference
We’re here to help you achieve your business goals while saving you time and money every step of the way.
Best if…
“I know I’ll need funds, but I’m not exactly sure when!”
Purpose
Provides short-term cash flow support, access to funds while waiting for client payments, and the ability to purchase inventory as needed.
Benefits
Flexibility to borrow and repay funds as needed, up to your credit limit. Convenient access to cash without higher cash advance rates.
Features
Revolving line with a 1-year term and the possibility of annual renewal.
Possible Collateral
Business assets, real estate, and deposit accounts.
Stephanie Couldrey, Chief Lending OfficerWe work closely with our business partners to understand their specific needs and provide them with the financial support they desire to ensure their success continues.
Benefits
Think about all the benefits of a business line of credit.
Inventory Expenses
Get the supplies and materials you need, when you need them, to keep your business running strong.
Overdraft Protection
Keep your cash flow protected from overdraft fees and returned items.
Working Capital
Use your revolving line of credit to manage your assets and liabilities with ease.
Emergency Expenses
Business can be unpredictable—our Line of Credit provides a financial cushion when you need it the most.
We offer competitive fixed and variable rates designed to meet your credit and market conditions. For the latest details on rates, fees, and closing costs, talk to us. We’re here to support your financial goals every step of the way.
Need A Little More Information?
We’re here to help!
To apply for business financing with Call Federal, the following requirements must be met:
- The business must establish a relationship with us prior to loan funding, which means opening a business savings account and depositing a minimum of $5 into the account.
- The business headquarters or loan collateral must be located in the Richmond Metro Statistical Area.
- The business must have been operating for at least two years.
Please note:
- Call Federal does not currently offer loans for start-up businesses, which we define as less than two years in operation.
- We do not offer pre-approvals for business loans or lines of credit.
Each loan request is reviewed by our business underwriting team to ensure the best possible solution for your needs.
The purpose of the financing will determine which option best suits your business needs:
- Loan: Ideal for purchasing a business asset or funding a specific, one-time expense.
- Line of Credit: Best for managing cash flow or working capital, offering a revolving option where funds can be reused as payments are made.
For guidance, consult with a business specialist at your local branch to determine the right solution for your business.
You can apply for a loan or line of credit online or at a local branch. To complete your application, the following forms must be completed and signed:
- Business Loan Application
- Certificate of Beneficial Ownership Form
- Personal Financial Statements for each guarantor
- Business Debt Schedule
- Schedule of Real Estate Owned (if applicable)
Additionally, be prepared to provide:
- Name, ID information, address, date of birth, Social Security Number, and title for each business owner, guarantor, and controlling person.
- Business and personal financial information.
- Business entity formation documents (e.g., Articles of Incorporation, Articles of Organization, Partnership Agreement, etc.).
- Two years of tax returns for the business and guarantors, plus interim financial statements if available.
Completed application forms and additional documentation are also available at your local branch.
Not finding what you’re looking for? See all FAQs.
We’re here to help!
Contact Call Federal today for more information and expert guidance to meet your business lending needs.