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Commercial Credit Lines
A commercial line of credit from New Tripoli Bank allows an established business to borrow, repay, and borrow again for a variety of short-term financial needs.
Benefits
- Easy access to funds via our free online banking tool or mobile banking app.
- Credit line can be used for your business's short-term working capital needs.
- Credit line reviewed for renewal on an annual basis.
- Interest paid monthly.
- Interest rate is variable and adjusts daily based upon a market index rate (currently the Wall Street Journal U.S. Prime Rate).
- Can be utilized with a New Tripoli Bank SWEEP checking account to minimize interest expense.
See What Our Customers Have to Say
Connie is the owner of Macungie's Posey Patch, a full service flower shop in Macungie, PA that designs and delivers flowers and arrangements to weddings, birthdays, funerals, and other special occasions around the Lehigh Valley.
When their business was struggling during the COVID-19 pandemic, Connie worked with Bob Kern, VP Commercial Lending, to secure both rounds of PPP Loans, which kept her business going in spite of events being shut down. We've worked with the Posey Patch on several occasions to help ensure Connie's business could succeed.
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Click to hear Connie's story
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