Flexible Business Funds
As your business grows, access to flexible funds can be an important part of your financial plans. Sauk Valley Bank offers several credit line options to best serve your business. Our team of commercial lenders works with you to understand your unique business needs and customize solutions that work for you.
Why Open a Line of Credit?
If you are a business looking for access to open-ended credit for ongoing needs such as periodic working capital or inventory management, a business line of credit may be the solution for managing your cash flow.
The balance of this operating line of credit can fluctuate with your need for working cash in your business. Sweep features allow you to move funds on demand from your operating line into your business checking as needed and pay down on your operating line as surplus funds become available in your checking account. It can also be coupled to a borrowing base.
How can a Line of Credit be used?
A Commercial Line of Credit is designed with your business in mind. Available as a secured line of credit with a General Security Agreement, a Revolving Operating Line of Credit has a term of 12 months or less. A line of credit gives you the flexibility to address a variety of situations when and how you need too.
Purchase Equipment
Purchase new or used equipment to help your business run smoothly.
Operating Expenses
Cover short-term operating expenses.
Inventory Management
Grow your business with additional inventory.
Cover the Unexpected
Life happens – Be prepared for the unexpected with additional funds.
Credit Card Services
Sauk Valley Bank offers two types of commercial credit cards to offer you the flexibility and benefits that best fit your business. Both the standard and preferred cards competitive APRs and a 25-day interest free grace period.1
Features & Benefits
All Sauk Valley Bank commercial credit cards offer the following benefits:
- 24-hour toll-free live customer assistance available at 800-367-7576.
- Online account information available 24/7 at www.cardaccount.net.
- Rental car collision damage waiver protection.
Types of Business Credit Cards
Standard Business Card
The Sauk Valley Bank Standard Credit Card is designed with a variety of business sizes in mind. With a competitive APR and no annual fee this card also has 24 hour support available.
Features and Benefits
- No annual fee.
- Competitive ongoing APR.
- 25-day interest-free grace period on all purchases.1
- Individual and summary billing options.
Preferred Points Card
Use your Preferred Points Card to earn points that you can redeem for rewards. Earn one point for each dollar spent, up to 10,000 points per month. Redeem your rewards points for cash-back awards, retail gift cards, travel and a wide variety of merchandise.
Features & Benefits
- Low annual fee of $49.00 per account.
- Competitive ongoing APR.
- 25-day interest-free grace period on all purchases.1
- To view or redeem rewards points, visit www.mypreferredpoints.com or call 866-678-5191.
- Individual billing option only.
Why Choose Sauk Valley Bank?
At Sauk Valley Bank, we work hard to find the solutions that fit your unique banking needs. With a variety of banking and lending options, our team has the experience and flexibility to find the right solution to fit your needs.
We are committed to serving our communities with the highest quality of service. We focus on you and your needs – and offer you flexible and convenient solutions. Our aim is to build lifelong relationships, one customer at a time.
Ready To Get Started?
1No grace period on cash advances.
