Cash reserves are essential for the occasional cash shortfall or that unplanned business opportunity too strategic to pass up.
Credit Line Sweep
By linking your credit line to your business checking account, draws from your Credit Line are automatically transferred to your business checking account for the funding of check presentments and other debit transactions when deposits and other credits cannot cover all debit postings. And, when excess collected balances exist in your business checking account, the Credit Line Sweep will automatically transfer collected balances from your business checking account as a pay-down to your credit line.
- Funds are only borrowed when needed
- Pay-downs occur as soon as collected funds are available
- Draws and pay-downs are automated
- Saves time as cash-flow forecasting is not required