A pre-approved limit assigned to the client, guaranteed by a checking account on which the client may draw down only partially, without affecting the credit limit, by means of checks, bills of exchange or documents.
- No paperwork is required for the corresponding disbursements.
- Providing immediate liquidity to meet your needs in terms of working capital, operating costs or administrative expense.
- This line of credit together with its maximum approved amount is reviewed and renewed each year.
¿How can I obtain these lines of credit?
- Financial statements or tax returns
- Personal sureties or combinations of corporate and personal sureties
- Life insurance for the guarantor(s)
- Subject to the Bank´s approval
For more information please call our Help Line: (507) 321 0101, or visit one of our nationwide branch offices.