Business Line of Credit
- Limit and access
- $10,000–$500,000 for existing Chase for Business customers; five-year revolving period followed by five-year repayment of remaining debt, unless renewed.
- Entry screen
- $100,000 annual revenue, minimum 660 FICO and unchanged majority ownership/management for two years.
- Guarantees and inquiry
- Owners holding 20% or more must personally guarantee; personal and business credit inquiries apply.
- Costs
- Prime-based variable pricing; no application or origination fee. Annual fee is 0.25% of limit, minimum $200 and maximum $750; after year one it can be waived if average utilization reaches 40%.
- Location and account
- Not available in Alaska or Hawaii. A Chase business checking or savings account is required.
Provider sources: Credit-line product · Credit-line FAQ
