Lines of Credit

Chemung Canal's lines of credit provide flexibility and can be structured to match the cycle of your business' needs. The amount of each line is based on the level of your need and the financial condition of your business. Lines of credit may be used to support:

• Inventory purchases
• Collection of accounts receivable
• Other short-term working capital needs

A VISA business line of credit is another convenient credit line that keeps business expenses separate from personal credit cards and simplifies monthly bookkeeping. Your commercial line of credit is accessed through a VISA business line of credit card and VISA business checks.

• Detailed spending reports
• Variable annual percentage rate tied to prime rate
• Minimum credit line is $5,000
• Maximum credit line is $100,000
• Local account servicing
• Convenience of automatic payment from your Chemung Canal business checking account
• Flexibility to pay monthly bills in full, or revolve them

Feel free to contact us at (607) 737-3704 or Contact us today, and one of our business card representatives will assist you in applying for a business line of credit.