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Business Line of Credit

Business Line of Credit

A revolving line of credit from First Northern Bank lets you take care of short-term needs fast. Rather than receiving a lump sum, a line of credit means you’ll have access to funds as you need them. And access is immediate; there’s no need to reapply once you’ve been approved.

Business Lines of Credit of $150,000 or less usually requires a simple 2-page application so you can get your funds quicker. Apply now!

Need financing for a larger project? Business Lines of Credit of $150,001 to $750,000 require our All-In-One application. Your First Northern Bank lending professional will guide you through every step along the way. Apply now!

Looking for a line of credit over $750,000? Contact us to speak to a lender.

  • Competitive rates for a wide range of long-term or seasonal business needs
    • Seasonal fluctuations
    • Inventory
    • Capitalize on trade discounts
    • Working capital
    • Ongoing updates
    • And more
  • Provides greater financial flexibility
  • Repayment customized based on your business’s unique needs
  • Terms of 6 years - 3 years interest only revolving, and 3 years with principal and interest amortized
  • Funds available right as you need them; apply once then use again as needed thereafter
  • Revolving credit – as principal is repaid, more becomes available for use
  • Funds are easily accessible via a simple transfer to your First Northern Bank account
  • Detailed, attentive service from start to finish
  • Quick, local decision-making and processing
  • A low upfront loan fee of $250 on loan amounts of $500,000 or less, or $500 on loan amounts over $500,000
  • A low annual fee of $250 on loan amounts of $500,000 or less, or $500 on loan amounts over $500,000

Smaller businesses still have big working capital needs and often need to act even faster. An Express Line of Credit from First Northern Bank is perfect for just about any short-term need or expansion opportunity.

  • Lines from $50,000 to $150,000
  • Terms of 6 years - 3 years interest only revolving, and 3 years with principal and interest amortized
  • Quick, local decision-making and processing
  • Detailed, attentive service from start to finish
  • A low upfront loan fee of $150
  • A low annual fee of $150
Considering a Business Term Loan? We have options.

*Annual fee based on loan amount.