Print Friendly   

Liquidity Management>Line of Credit Sweep

A loan sweep offers maximum use of funds by linking your line of credit¹ to your business checking account. Transfers are automatically initiated and advanced off the line of credit to cover insufficient funds when needed. It will also automatically pay down the LOC balance when excess collected funds exist. Line of Credit Sweep offers these advantages:

• Achieves maximum use of funds
• Reduces interest owing on the line of credit
• Minimizes unnecessary borrowing and overdraft fees and covers uncollected balances

¹Subject to credit approval.