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Commercial Line of Credit

Secure the working capital your business could need.

Apply at a Branch 

Work with a local banker at Marblehead Bank to ensure you have credit available when you need it.

Features & Benefits:

  • Adjustable-rate line of credit1
  • Convenient option when your need for credit varies over a period of time
  • Lending team that works to extend the right commercial line of credit for your business

1The commercial line of credit is a specific limit the bank will lend a customer with a one-year demand feature with renewal reviewed each year. Additionally, the line may have a thirty-day rest period where the borrower(s) must maintain a zero balance for thirty days during the one-year term.

Adjustable rate based on Prime Rate as published in the Wall Street Journal money rates section plus a margin. The margin is determined case-by-case based on what is appropriate for the transaction risk, customer relationship, current market conditions and any other applicable factors. Fees may be included for loan documentation, facility usage, or other factors or events as warranted.

Commercial credit lines are written secured or unsecured, based on a case-by-case determination.

APPLY FOR A COMMERCIAL LINE OF CREDIT

Work with lenders who understand the place where you do business.

Apply at a Branch Explore Business Loans 

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