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Small Business Reserve
Automatic loan sweep to checking
Extraco is offering large-scale features and benefits to even small-scale business operations. Small Business Reserve, a $10,000 loan sweep to checking is accessible by check or debit card. Small Business Reserve gives your business a strategy for those periodic cash shortfalls that can be devastating, yet endemic to a small business. With the reserve, the money is there when you need it.
Small Business Reserve Features and Benefits:
- $10,000 loan sweep to checking
- Advance is triggered by any negative balance on Small Business Checking and will transfer in increments of $500.
- Accessible via regular check or debit card at point of purchase or ATM – no special checks required
- Loan payment is 2% of balance, plus interest, or minimum of $25.
- Loan payment made thru auto-debit to Small Business Checking
- Application required – subject to credit approval
For more information, contact an Extraco Relationship Manager by e-mail, or call 866-EXTRACO toll-free.
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Line of credit
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Improve your cash flow with revolving and non-revolving lines of credit. |
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Start sweeping
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Earn money on your excess cash balances with our automatic sweep service. |
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