Chase Business Lines of Credit

A Chase Business Line of Credit is ideal if your business needs easy access to cash for short-term capital, inventory purchase, supplier payment or an emergency fund. $10,000 to $500,000  line of credit. Annual fee is automatically waived when your average line utilization is 40% or more. Renewable five-year revolving term. You pay interest only on the amount of credit you actually use. You can choose a monthly payment date that suits your cash flow. The monthly minimum payment is accrued interest plus 1% of the outstanding balance — OR $100, whichever is greater. At the end of the five-year revolving term, no further advances are available and the outstanding principal balance is repaid over five years, unless renewed. The interest rate is based on such factors as your banking relationship, credit history and collateral.