Secured business line of credit
A secured line uses your business assets as collateral and offers line amounts up to $250,000 and lower interest rates.
We’ll guide you through a few sections, and you can save your application any time then return to it later. If you’re a U.S. Bank customer enrolled in online banking, we’ll prefill some information for you. Have your business and personal information ready, including Tax ID number and gross annual sales information, and let’s get started.
For secured general purpose loan applications, U.S. Bank will file a Uniform Commercial Code (UCC) lien and must be in first lien position using all business assets as collateral. If you currently have more that $1 million in credit with U.S. Bank, you should apply for additional credit directly with your banker or relationship manager.
A secured line uses your business assets as collateral and offers line amounts up to $250,000 and lower interest rates.
An unsecured line does not use collateral and offers line amounts up to $100,000 and higher interest rates.