Lines of Credit
A revolving or non-revolving line of credit from TEG allows you to borrow what you need, when you need it. It can help you manage short-term working capital such as seasonal inventory or payroll needs.
Features:
- Financing available from $1,000 to $100,000 unsecured or $1,500,000 secured
- Interest rates based on prime plus a margin
- Revolving or non-revolving options available
A revolving line of credit gives your business the flexibility of using funds as you need them, with no limit to the number of times you can borrow and pay back funding within your approved limit.
A non-revolving line of credit works best if you know how much your business needs to borrow and you want to receive the funding in one lump sum.
Have Questions? Ready to Apply?
Contact Leitha!
A results-driven lender, Leitha provides expert relationship management and strategic guidance to members. She builds trust through a demonstrated ability to optimize performance and achieve desired results, and has a passion for professional and personal development to continue to bring the highest value to our community and members.
Serving Dutchess, Orange, Ulster, Putnam, Sullivan, Westchester and Rockland County.