|Line of Credit amount||$20,000 to $100,000|
|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|
|Renewal requirement||Subject to annual review and renewal|
|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|
|Annual Fee||Annual fee of $175.|
We’ll help make your business lending experience easy. Your PNC Business Banker will walk you through the lending process and help you gather all necessary information to apply. Enjoy the convenience of applying at any PNC Bank branch, or over the phone.
After you apply, you can expect:
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.
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 »
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.
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.
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