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Business Lines of Credit

Help your business manage its cash flow needs with working capital and asset-based lending from MidFirst Bank.

  • Finance receivables
  • Manage seasonal cash fluctuations
  • Flexible repayment structures available

Working Capital Loans

  • A committed credit facility allowing your business to borrow, repay and borrow funds again as needed
  • Advance and repay principal to match the cycle of your company’s collection of assets
  • Working capital loans may be permanent or you may wish to structure the line to reduce over a specified period
  • Can be structured with a maturity longer than 12 months, options typically include converting all or a portion of the amount outstanding to a term loan

Asset-Based Lending

  • Accounts receivable and inventory financing in which the level of borrowing is controlled by a formula or “borrowing base”
  • Ideal for financing high-growth companies, mergers and acquisitions, and leveraged or management buy-outs
  • Asset-based loans typically involve ongoing collateral reporting and monitoring

Loan Sweep Service

  • Link your line of credit directly to a designated MidFirst Bank deposit account to help avoid overdrafts and reduce overall interest expense by paying down balances when excess funds are available
  • Funds are automatically drawn from the credit line to cover a deficit in the deposit account or excess deposited funds are transferred to reduce the line of credit balance