Secured Line of Credit

Secured lines of credit are a great option if you need short-term working capital to cover business needs such as gaps in accounts receivable collections or inventory purchases. Non-real estate business assets are provided by the borrower as collateral for the Secured Line of Credit.

What Will I need to apply?

Let's talk about your business needs

Features and Benefits

  • Increased credit flexibility -- Collateralized lines of credit generally have lower interest rates and higher credit limits than unsecured lines of credit
  • Automatic Interest-only payments -- Deducted from your PNC Business checking
  • Fast and easy access -- Online, by phone, or write a check against the line amount
  • Get peace of mind - Use your line of credit to provide optional overdraft protection for your PNC Bank Business Checking account

Loan at a Glance

Line of Credit amount

$100,001 to $3 million[1]
Easy access to funds Write a check drawn against the account, or 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
Payments Monthly interest-only payments automatically deducted from your PNC business checking account during revolving credit period. Principal payments can also be made by the borrower at any time
Value added extras Provides optional overdraft protection for your PNC business checking account
Collateral required Non-Real Estate business assets
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.

Review our Business Lending Guidelines

Use 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 »

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.

† 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