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Business Lines of Credit

Altra offers the flexible financing your business needs. 

From business expansion to cash flow management and other business needs, we offer business lines of credit that are specifically designed for businesses like yours.

Unsecured by SBA

Offering: Unsecured line of credit backed by the SBA
Ideal for: Newer Businesses (2-4 years old) 
Rate:Variable Rate tied to Prime Rate
Credit Amount: $5,000-$10,000 
Collateral: None - UNSECURED 

Unsecured No Expiration

Offering: Unsecured line of credit with no expiration
Ideal for: Established Businesses (4+ years old)
Rate: Variable Rate tied to Prime Rate
Credit Amount: $10,000-$100,000
Collateral: None - UNSECURED 

Secured Real Estate

Offering: Real estate-secured revolving line of credit with low rates to use for any business need
Ideal for: Businesses that own their real estate
Rate: Variable Rate tied to Prime Rate
Credit Amount: $50,000-$500,000 (up to 70% of the property value) 
Collateral: SECURED by business or investment* (no second homes)

Secured Real Estate 2

Offering: Real estate-secured revolving line of credit with low rates to use for any business need
Ideal for: Businesses that own their primary residence
Rate: Variable Rate tied to Prime Rate 
Credit Amount: $25,000-$500,000 (up to 80% of the property value)
Collateral: SECURED by residential property* (no second homes)  

 

*Commercial property valued up to $3 million. Most property types are eligible. If certain environmental hazards are present, environmental hazard insurance may be required to obtain credit. Collateral properties located in rural areas may not be eligible for this offer. Please contact us for details. Note on Texas properties. Residential properties are not eligible for this offer. Commercial property owners having a personal residence situated on, or adjacent to, the collateral property are not eligible for this offer.