Skip to main content Download Acrobat Reader 5.0 or higher to view PDF files.
Peoples Bank

Online Banking Login

Business Lines of Credit

As a small-to-medium-sized business owner, you don’t get a day off from ensuring your daily operations continue to run smoothly. When cash flow issues arise, Peoples Bank can help you keep the lights on. From regular expenses to unplanned emergencies, a credit line for businesses gives you access to the capital you need, when you need it. Obtain pre-approved financing for seasonal cash flows or take advantage of flexible borrowing for short-term funds. You’ll only pay interest on the funds you use.


Contact Us


What is a Business Line of Credit?

When you open a business line of credit, you can draw funds and repay them whenever you need to, as long as you don’t exceed your credit limit and make minimum payments on time. Unlike a term loan, there is no lump-sum payment with a commercial credit line. If you don’t withdraw funds right away, no payments are due. Interest is calculated only on what you borrow. 


How does a Business Line of Credit Work?

Your business credit line works like another bank account. You can write checks from your credit line and transfer funds to and from your business checking account. Approval and credit limit will depend on your company’s financial history; you may also need to share your personal financial information as well. Business lines of credit can be secured to an asset, such as commercial real estate, or unsecured. Use your commercial line of credit for a variety of regular, one-time, and seasonal expenses such as:

  • Cash flow
  • Inventory
  • New hire
  • Equipment
  • Accounts payable
  • Payroll
  • Unplanned expenses

What are the Benefits of a Business Line of Credit?

One of the benefits of a Business Line of Credit is that you can open it before you need it to serve as a financial safety net. It also allows you to get through your off-season without draining all of your cash reserves. Other benefits include:
  • Competitive rates and flexible terms.
  • Borrow only as much as you need.
  • Interest accrues only on what you withdraw.


Why Choose Peoples Bank for Business Lines of Credit?

As a true community bank, we are committed to investing in the success of local businesses. All of our lending decisions are made right here, giving you a swift turnaround time and the flexibility to customize loan terms to meet the individual needs of your business. At Peoples Bank, our mission is to exceed our customers’ expectations. We support businesses of all sizes, from a variety of industries. To learn more about Business Lines of Credit and the rest of our commercial financing options, give us a call or visit your nearest Peoples Bank location.


Business owner sitting at counter with laptop

Remote Deposit Capture

A key to big savings


Two people at work looking over something on a computer

Partnering for Success

We offer a variety of business lending options. Find the one that works best for you!