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  PNC Business Lines of Credit

PNC Business Lines of Credit

in Business Lines of Credit from PNC Bank

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PNC Business Lines of Credit

Unaffiliated

in Business Lines of Credit from PNC Bank

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Highlights
APR  (Variable APR) N/A
Credit Score Range 600 - 850
Loan Amount Up to $100,000

PNC Business Lines of Credit Review

PNC Business Lines of Credit is offered by PNC Bank, a bank founded in 1845 and based in Pittsburgh, PA. PNC Business Lines of Credit is available in 50 states (and Washington, DC).

PNC Business Lines of Credit FAQ

What APRs does PNC Business Lines of Credit offer?

PNC Business Lines of Credit offers a variable APR product, but they do not disclose their rates.

Does PNC Business Lines of Credit charge an origination fee?

No, PNC Business Lines of Credit does not charge an origination fee. An origination fee is what some lenders charge for processing, underwriting, and funding a business financing product. Typically fees range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.

What limitations does PNC Business Lines of Credit set on the purpose of the line of credit?

PNC Business Lines of Credit considers line of credit applications for business purposes, such as:

  • Business Debt Refinance
  • Emergency Repairs
  • Equipment Purchase
  • Hiring
  • Inventory
  • Marketing
  • Payroll
  • Technology Investment

Does PNC Business Lines of Credit charge prepayment fees?

Yes, PNC Business Lines of Credit charges additional fees to borrowers who pay off their lines of credit sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a line of credit early.

What do you need to qualify for PNC Business Lines of Credit?

Applicants with a credit score of at least 600 and up to 850 may be eligible for PNC Business Lines of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

PNC Business Lines of Credit does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via PNC Business Lines of Credit. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by PNC Business Lines of Credit. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent bank statements
  • Business formation documents
  • Driver's license
  • Government issued photo ID
  • Proof of identity

What is the estimated funding time for the PNC Business Lines of Credit?

PNC Business Lines of Credit can approve (or deny) a line of credit application within 24 hours and fund business lines of credit within 1 business day of approval.

What are the business financing requirements for PNC Business Lines of Credit?

To apply for PNC Business Lines of Credit, the applicant needs to provide the following documentation:

  • Business certificate.
  • Business license
  • Business bank account

Does PNC Business Lines of Credit report your account activity to credit bureaus?

Yes, PNC Business Lines of Credit reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

What types of business lines of credit does PNC Bank offer?

PNC Bank only offers unsecured lines of credit.

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Message From PNC Business Lines of Credit

An unsecured line of credit that puts funds between $20,000 and $100,000 at your fingertips. PNC's Lines of Credit help you prepare for the changing needs of your business. Best For: Businesses seeking an unsecured line of credit.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 6:00pm
  • Tuesday 9:00am - 6:00pm
  • Wednesday 9:00am - 6:00pm
  • Thursday 9:00am - 6:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 10:00am - 2:00pm

Other Services by PNC Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Annual Fee $0
No Origination Fee
Business Financing Requirements
  • Business Certificate
  • Business License
  • Business Bank Account
Credit Score Range 600 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Months in Business 36
Minimum Revenue $100,000
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Business Debt Refinance
  • Inventory
  • Payroll
  • Hiring
  • Technology Investment
  • Marketing
  • Emergency Repairs
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 - 3 days
Payment Frequency Monthly
Payment Options Automatic Payments
Loan Amount Up to $100,000

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