Applying for a loan when a business opportunity suddenly presents itself may cause you to miss an opportunity. An Inter National Bank line of credit ensures you always have access to funds when you need them. Lines of credit are a great source of funds that can readily be tapped at your discretion. Additionally, you only pay interest on the money actually withdrawn. Secured or unsecured lines of credit are available.
Flexibility to withdraw funds up to a pre-approved credit limit (not to exceed 80% of accounts receivables and 50% of inventory). Availability of funds decreases and increases as funds are borrowed and then repaid
Competitive variable and fixed rates
Term of the lines should not exceed 12 months (exceptions may apply)
Pay no interest until funds are drawn
The borrower may repay over time or in full at any time
Payment terms may vary
Satisfactory credit history
Existing business with 2 full years of business history
Any principal owning 20% and over of the borrowing company should guarantee the credit
3 most recent years of business and personal tax returns (Borrower and Guarantors)
3 most recent years of business financial statements and interim business financial statements
Current Personal Financial Statements (Download a personal financial statement template here).
Current debt summary schedule for business and guarantor
International banking is not foreign to us. At Inter National Bank, we make it easy to live, travel and work on both sides of the border with a full suite of financial products designed for you.
You are being redirected to the ADP Workforce Now website to view the job description. ADP is a trusted partner of Inter National Bank. To apply for the specific position, you will need to create a user profile with ADP. You may use this same user profile to check your application status or apply for other positions with Inter National Bank in the future.
Start your application off right by choosing one of our mortgage lending professionals. By assigning a lender to this application, you are guaranteed superior personal service.