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Working Capital Lines of Credit

For virtually every business, access to cash is a critical component of the ongoing success of the company. Because cash flow from company operations can be impacted by a variety of factors, Pinnacle provides working capital lines of credit to ensure quick access to cash whenever a company needs it.

Through a working capital line of credit, the company can take discounts on products purchased, have cash availability for seasonal fluctuations, and provide funding to support sales growth.

Secured by the accounts receivable and inventory of a company, working capital lines of credit are typically established in amounts commensurate with 80 percent of eligible receivables plus 50 percent of inventory. The need for a working capital line and the type of inventory and accounts receivable will vary based upon the industry reflected. The line of credit is generally extended for a one-year period, with interest payable monthly.

Pinnacle's financial advisors are highly experienced in establishing working capital lines of credit and can assist you in determining the proper financing option for your business and the level of working capital your business might need.

Questions about a letter of credit? Please contact a financial advisor at one of our convenient locations or send us a request through our Contact Us form.