Choice Credit℠ for Business Line of Credit

An unsecured line of credit that puts funds from between $20,000 up to $100,000 at your fingertips.

What will I need to apply?

Let's talk about your business needs

Features and Benefits

  • Simple and fast loan application and decisioning process
  • No collateral required  
  • Easy funds access

Loan at a Glance

Line of Credit amount $20,000 to $100,000[1]
Easy access to funds Write a check drawn against the account, transfer funds into an eligible PNC deposit account using online banking or by telephone 
Interest Rates Variable, based on the Prime Rate[2]
Renewal requirement Subject to annual review and renewal[3]
Payments Payment amount is 1.5% of the balance (or a minimum of $100)
Value added extras Provides overdraft protection for your PNC Business checking account
Collateral required None
Annual Fee Annual fee of $175.  
How to Apply

What You Need to Apply

Applying is easy, but before you start there are a few things you will need to know or have available to successfully complete the application.

  • Have available any special loan promotion offer code, if applicable.
  • Know the dollar amount, type of loan you are applying for, borrowing purpose and collateral information, if applicable.  
  • Information about your business, such as:
    -- Business Name and Address
    -- Type of business organization and year established
    -- Business Tax ID number, Annual Sales, Number of Employees
  • Information about each Business Owner, such as:
    -- Name, Home Address, Social Security Number, Title, Ownership Percentage, Personal Financial information, Historical Information
    -- Government issued photo ID (Driver's License, US Passport, or a state-issued ID) may be requested for verification purposes
  • You may want to have copies of your most recent business and personal tax returns and/or financial statements to assist with completion of the application.

Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each customer that opens an account. What this means for you: when you open an account, we will ask you your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying information.

Assess Your Creditworthiness

Review our Business Lending Guidelines to help you better assess your creditworthiness when applying for new or additional revolving or fixed-term financing. These guidelines are not the only criteria for a final credit decision, but they will empower you to better understand your financial position in the context of PNC’s business lending practices.  Read Guidelines »

Associated Products & Services

PNC Business Credit Cards

Points. Travel Rewards. Cash Rewards. Lower Rates. No matter what you're looking for in a card, we've got you covered.

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Work with a Lending Leader

PNC Bank also has a long history of helping business customers match their financing needs with government-sponsored lending programs that meet their immediate and long-term goals.

Learn More »

PNC Business Checking

Your business checking account should provide the features and benefits you need for efficiently moving cash in and out of your business everyday. That's why we offer choices.

Learn More »

Important Legal Disclosures and Information

  1. All loans and lines of credit subject to credit approval and require automatic payment deduction from a PNC Bank business checking account. Origination and annual fees may apply.

  2. Prime Rate means the highest prime rate published in the "Money Rates" section of the Wall Street Journal for the last day of the preceding calendar month.

  3. Annual fee of $175. PNC Bank reserves the right to require submission of tax returns and other business and financial information from time to time.

† Important information: Calls to or from us may be monitored or recorded by us for quality control and training purposes. By providing your phone number and/or email address, you consent and agree to receive phone calls and electronic mail from PNC, its affiliates and designees.

Bank deposit products and services provided by PNC Bank, National Association (N.A.). Member FDIC