| |
MasterCard® BusinessCard® |
Small Business Line of Credit |
Small Business Term Loan |
Small Business Letter of Credit |
| Loan Purpose |
- Cash flow management
- Entertainment
- Travel
- Office supplies
|
- Short-term working capital
- Seasonal purchases
- Inventory
|
- Equipment or vehicle financing
- Business expansion
- Long-term working capital
- Refinancing business debt
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- Guarantee of payment
- Large security deposits
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| Loan Amount |
Up to $50,000 |
| Collateral |
Unsecured |
- Unsecured
- Capital One® Savings Account/CD
- Residential real estate (1-4 units)
- Owner-occupied commercial real estate
|
- Unsecured
- Equipment1
- Vehicle1
- Capital One Savings Account/CD
|
- Unsecured
- Capital One Savings Account/CD
|
| Repayment Terms |
Revolving |
Fixed 3-, 4-, or 5-year terms |
Fixed 1-year term |
| Monthly Payment |
Minimum payment amount (depends on balance) |
Principal and interest, fully amortized based on term |
If funded, payable on demand |
| Payment Method |
By check or automatic payment from your Capital One Business Checking or Savings Account |
| Interest Rate |
Variable rates based on Wall Street Journal Prime, plus a spread determined upon approval. |
Fixed rate (varies based on loan term and collateral)—rate determined upon approval |
Determined when/if funded |
| Overdraft Protection |
Available for a Capital One business checking account |
Not applicable |
| Access |
- Phone
- Check
- Credit card
- ATM
|
- Phone
- Check
- Online Banking
- TowerNETSM
- ATM (includes overdraft protection)
|
Funds deposited into your Capital One account or via cashier's check2
|
Does not apply |
| Additional Benefits |
- Cards for employees
- Free primary car rental insurance
- Purchase protection
- Extended warranty
- Travel and emergency assistance services
- Quarterly management reports
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- Quick access to cash
- Free Online Banking
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- Pre-approval available
- Quick way to finance business assets
- Free Online Banking
|
Conserves cash ordinarily used for security deposits |
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MasterCard® BusinessCard® |
Line of Credit |
Term Loan |
Letter of Credit |
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