Terms that meet your needs
We structure our terms around the specific needs of your business.
You decide when to borrow
Only borrow when you need to, and only pay interest on the funds you use.
Immediate access to funds
No hoops to jump through — get your funds exactly when you need them.
Manage inventory levels
Sometimes you need some extra cash to invest in more inventory, so you can generate additional revenue.
Balance your business cycle
Use your line of credit to smooth out the roller coaster ride of seasonal cash flows.
Relieve the pressure of short-term cash needs
Even the most exhaustive financial plans can’t account for all surprises. Sometimes you just need some extra cash on hand.
Take advantage of unexpected opportunities
Maybe you got some great press, or landed a huge client. You’ll need some extra funding to turn opportunity into success.
— Winston G., Owner of Tonic
We spent about two years to create something like Tonic. Having LANB look at my vision critically and say we want to be a part of this and we want to support something that’s local and unique was an experience I don’t think we could have gotten from any other bank here in Santa Fe. If it wasn’t for LANB there would be no Tonic.
For seasonality, working capital to fund growth. Some of our clients use a line of credit to fund the timing difference in between accounts payable and collecting receivables.
You will need to provide three years of business financial statements and tax returns, as well as a personal financial statement and three years of personal tax returns for the owners.
Lines of credit can be secured with business assets or may be approved on an unsecured basis.
Set up an appointment with a business loan specialist to better understand your options and start an application.
Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.
Credit products are not FDIC insured.