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LINE OF CREDIT SWEEP

. . .a great back-up for meeting cash needs that minimizes borrowing costs and ensures that your funds automatically move when necessary to another account!

This Treasury Management service from ALIANT is ideal for reducing your cost of borrowing because you pay interest only when you tap your credit line and only on the exact amount of money that you use. Your line of credit can also be linked to your ALIANT business checking account to work as a “sweep” account. This added convenience moves funds automatically from your credit line into your checking account, if necessary, to cover the checks that you write. And, the “sweep” feature works in reverse as well. Let’s say that your checking account has excess funds on certain days. Your extra money can be moved automatically to pay off part or all of your outstanding line of credit balance!

Together, we determine an appropriate line of credit amount and target balance for your business checking account. Each day, as checking activity occurs, money moves automatically from your credit line into checking to cover any shortfall, in exactly the amount that you require. You eliminate overdrafts and emergency trips to the bank to make deposits. If your checking account exceeds the pre-determined target balance, funds are swept from checking to pay down your credit line balance so that you can use the money again.

If you. . .

●  Want to avoid overdrafts and frequent trips to the bank. . .
●  Prefer to reduce borrowing costs as much as possible. . .or
●  Understand the advantage of having your funds move to the account where they are most needed—automatically. . .

. . .then you should definitely click on the button below for complete information about Line of Credit Sweep. Or, call ALIANT Business Services at 1-866-245-4554.