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.
- Financing available from $1,000 to $100,000 unsecured or $1,500,000 secured
- Terms up to 36 months
- 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.
Not a business member yet? Find out if your business is eligible.
For assistance opening an account or for more information, give us a call at (845) 452-7323 or visit any of our branch locations. We’ll be happy to help you!