Business Auto Financing - Commercial Line of Credit: Why a CLC?
A Commercial Line of Credit offers businesses the following benefits:
- An additional source of cash solely to purchase or lease business vehicles.
- Preserves your bank credit lines for other business needs.
- Easy and flexible service.
- Your Commercial Line of Credit remains in effect for a full year (as long as you maintain your eligibility and don’t default). You don’t have to reapply every time you need another business vehicle
- Typically, all you need to do is “sign and drive.”
- Use your Commercial Line of Credit for both buying and leasing.
What vehicles are eligible?
- Passenger cars
- Light- and medium-duty business vehicles
- Any make or model