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Working Capital Lines of Credit

Instead of one-time loans, Elite Bankcard offers ongoing lines of credit up to $100,000. You can use any increment up to once per day.

Working Capital Lines of Credit

Applying with Elite Bankcard is free, and there’s no obligation to use funds if you’re approved. Your line of credit will be there when you need it, and you won’t pay anything until you actually withdraw funds.

Straightforward Fees

Elite Bankcard loans have simple, monthly fees. No hidden charges. No surprises.

6 Month Term at a 4% Fee Rate (Example)
Months Rate Principal Monthly Fee
1 – 2 4.0% x $10,000 = $400
3 – 6 1.0% x $10,000 = $100

12 Month Term at a 3% Fee Rate (Example)
Months Rate Principal Monthly Fee
1 – 6 3.0% x $10,000 = $300
7 – 12 1.0% x $10,000 = $100
How are fees calculated?

For each 6- or 12-month loan you take, you’ll pay a percentage of your withdrawal amount for the first 2 or 6 months of your loan, depending on the loan term. During the remaining months, all customers pay a flat 1.0% fee.

What Fee Rate should I expect?

Fee Rates range from 1.5% to 10% based on a number of business performance factors. Apply to find out what your Fee Rate could be.

6- and 12-month terms

Elite Bankcard offers the flexibility of 6- or 12-month loan terms so you can choose what’s best for your business.2

Monthly Payment Breakdown
Month 1 2 3 4 5 6
Fee Your Rate Your Rate 1.0% 1.0% 1.0% 1.0%
Principal 1/6 1/6 1/6 1/6 1/6 1/6

Simple Monthly Payments

  • Every month, you pay back an equal portion of the loan principal plus the monthly fee.
  • 6-month terms require a $2,000 minimum loan.
  • Your Fee Rate will be between 1.5% and 10% of the principal loan amount.

Pay Early and Save

There are no prepayment penalties, so you can pay your loan off early and save on monthly fees.