Chase Business Line of Credit Annual Fee: 0.25% of line ($200 min; $750 max). After the first year, fee is waived if average utilization for the prior year is 40% or higher.
Chase Business Line of Credit has a revolving period of up to five years. At the end of the five-year revolving period, there is a five-year repayment period with the potential to renew. The revolving period may be terminated by Chase at any time at its discretion. Maximum request amount is $500,000. Visit your local branch to discuss more options to meet your business needs. Product available in all U.S. states excluding Hawaii and Alaska.
All extensions of credit are subject to the credit approval process of JPMorgan Chase Bank, N.A. Eligibility is based on several factors, including, but not limited to, a minimum consumer FICO® score of 660, business annual revenue of at least $100,000, and no majority ownership or management changes in the past two years. The FICO score used for eligibility is the personal FICO® Score. For businesses with more than one owner, at least one guarantor must have a minimum credit score of 660. Eligibility criteria may vary across products and meeting listed eligibility does not guarantee approval. Other eligibility factors may be considered during the credit approval process. Interest rates may vary based on geographic locations. Rates, program terms and conditions are subject to change without notice. Not all products and services are offered at all locations. Additional restrictions and limitations may apply.
The above is for promotional purposes only. Please consult your branch or relationship manager for the latest interest rates, associated fees (Appraisal, Recording, Tax Transcript, etc.), closing costs and/or balance requirements as they may differ among different geographic locations.
