Operating Line of Credit

Lines of credit are designed to give your business flexibility, help finance your short-term borrowing needs, and provide working capital to help smooth out temporary or seasonal cash flow fluctuations. With a line of credit, you can borrow against the line and repay without a fixed schedule.

Whatever your business needs are, a Bank of Old Monroe operating line of credit gives you fast, flexible access to the cash you need, when you need it.

Business Lines of Credit for Short-Term Borrowing Needs

Every business large or small needs to be able to adapt to change in times of growth or uneven cash flow. An operating line of credit is a useful short-term borrowing option for businesses everywhere at any time. Use it in times of emergencies, building inventory for the holidays, financing operational expenses, or temporarily supplementing your working capital.

Lines of credit are especially useful if your business has seasonal cash flow issues in which you have lower-income months but your expenses remain the same. Some business owners may struggle to keep accounts receivable in line with accounts payable. An operating line of credit is a great way to close the gap and make ends meet, especially when you have employees depending on you.

Open up new possibilities for your business with a line of credit to cover:

  • Rent
  • Equipment
  • Crop inputs
  • Real estate purchase
  • Rental property
  • Inventory costs
  • Marketing
  • Payroll
  • Insurance
  • Research and development

An operating line of credit is a good resource to keep your business moving forward! Contact our lending team to build a custom solution today!

Benefits of an Operating Line of Credit

Flexible borrowing against your credit line – Life is unpredictable, and so is your business’ cash flow at times. Be prepared for whatever comes your way with an operating line of credit that is based on flexibility, therefore, you can borrow from it at any time! This is useful if something unexpected happens and you need cash quickly to cover expenses.

Contact Our Business Lending Team

We have experienced loan officers to answer all of your questions and fit your loan to meet your individual needs. Contact one of our lending team members today.

(Electronic mail is not secure. Confidential or personal information should not be communicated in this manner.)

Matthew Bals
Moscow Mills

636-356-4000

Email

Matt Daniels
Wentzville/Old Monroe

636-332-4906

Email

Matt Arnold
Troy

636-528-7400

Email

Nick Brunnworth
O’Fallon/Old Monroe

636-980-3585

Email

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Contact Bank of Old Monroe

Enjoy the peace of mind knowing that funds will be available whenever your business needs them. To apply for an operating line of credit, visit one of our five branch locations in Old Monroe, Moscow Mills, Wentzville, O’Fallon, or Troy.

Required documents may be dependent upon the business structure (i.e. LLC, corporation, partnership, etc.). Please contact your branch location for details.

We Offer Mobile Banking

Manage your finances on the go with the Bank of Old Monroe app! Our app allows you to view transactions, transfer funds, pay bills, deposit checks and more! To discover all the ways our app can benefit you, visit your app store and search “Bank of Old Monroe” to download.

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