Medical & Dental Professionals Business Line of Credit
An unsecured line of credit that puts funds from between $10,000 up to $100,000 at your fingertips.
Applying is easy and quick, with reduced paperwork and in most cases, a credit decision in a few business days. Protect your reputation with vendors and customers by choosing to use your line of credit for overdraft protection on your ParkeBank Business Checking account.
Features and Benefits
Simple and fast loan application and decision process – Credit decisions often in a few business days
No collateral required – get the credit you work hard to earn without the hassle of tying up your personal or business assets
Easy funds access – transfer funds online, by telephone, or write a check against the line amount
Peace of mind – Use for optional overdraft protection on your ParkeBank business checking account, or unexpected cash flow shortages – it’s there for you
Line of Credit amount: $10,000 to $100,000
Easy access to funds write a check drawn against the account, transfer funds into an eligible ParkeBank deposit account using online banking or by telephone
Interest Rates are Variable and based on the Prime Rate
Renewal requirement: Subject to annual review and renewal
Payments: Monthly interest plus principal payments automatically deducted from your ParkeBank business checking account. Payment amount is 1.5% of the balance (or a minimum of $100)
Value added extra provides overdraft protection for your Parke Bank Business checking account
Collateral required: None
Annual Fee: ParkeBank reserves the right to charge a $175 annual fee and the right to require submission of tax returns and other business and financial information from time to time.
Applying is easy – Click Here to start.
Credit approval is required.
The Federal Deposit Insurance Corporation (FDIC) has permanently increased deposit insurance on all accounts to $250,000 per depositor.