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    • Power icon

      Access to funds when you need them

    • Cycle icon

      Flexibility to borrow over and over

    • Stack of Money

      Only pay interest on the amounts you use

    • Hand Holding Dollar Sign

      Uses business assets as collateral

  • Flexible Borrowing with a Line of Credit

    With asset based lending, your business can leverage current assets – equipment, real estate, even accounts receivable – to collateralize credit. You may want to borrow for working capital, growth financing, acquisitions, or recapitalizations. An Asset Based Line of Credit from First National Bank is a credit line secured by your accounts receivable or your current inventory.1

    Why First National Bank?

    Our experienced, knowledgeable loan professionals work with you to identify the short- or long-term credit solutions that best fit your needs. Being locally-based means that the underwriting and decision-making happens right here in our region.

    We have access to a broad range of financial products that complement your credit needs and we create strong partner relationships to fully understand your business. You have the full financial strength of First National Bank behind you – we are ready and able to help with a wide range of credit services to support your needs.

    Key Features:

    • Provides working capital
    • Uses your accounts receivable or inventory as collateral
    • A secured, working line of credit
    • Experienced guidance to select the best credit solution
  • Applying for an Asset Secured Line of Credit:

    Our objective is to make the borrowing process simple and straightforward. You can begin by adding this product to your bag. During the checkout process you can select the option to set up time to meet with one of our experts.

    Required Identification:

    Depending on your type of organization, we may need one or more of the following documents when opening your account. These may include:

    • Department of State printout of business registration/Government-issued business license
    • CPA-signed tax return
    • Articles of Incorporation or Articles of Organization
    • Bylaws or Operating Agreement
    • Partnership Agreement

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Notices & Disclosures
1 - All loan products are subject to underwriting/credit approval

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