Overdraft Line of Credit

An overdraft line of credit from ESL is a valuable tool for managing your business. It can help you save on fees from overdrafts and returned payments and also help protect the reputation of your business from the embarrassment of bounced checks. 

An overdraft line of credit gives me more financial flexibility.

Apply for an ESL Overdraft Line of Credit today.
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  • Features & Benefits

    Here’s a great way to get the extra financial flexibility you need to save on fees and manage your cash flow.

    • A smart form of financial protection. Your line of credit will help you avoid overdraft fees and the cost of returned payments.
    • A simplified approach to payments. Thanks to the financial flexibility of your line, you can eliminate the need to make alternate payment arrangements.
    • Fast access to extra cash. It’s a great way to prepare for unexpected expenses and emergencies.
    • The convenience of revolving credit. You can pay off your balance and borrow again and again.
    • A wide range of financing available. Our overdraft lines range from $500 to $25,000.
    • A simple, straightforward application process. At ESL, we make it easy for you to get the flexible and affordable financing you need.

    Bottom line? The ESL Business Overdraft Line of Credit will help you manage your money and your business.

     
  • Specifics

    Basic Requirements 

    Automatic Advances for Overdrafts

    • Once you open your Business Overdraft Line of Credit, funds will be advanced automatically to your linked ESL business checking account when the account is overdrawn.
    • Advances are made in $100 increments.
    • Your line of credit will automatically cover overdrafts that take place:
      • By a written check
      • At an ATM
      • Through online Bill Pay
      • With an ESL Visa® Business Check Card transaction 

    Additional Information

    • The minimum monthly payment for your ESL Business Overdraft Line of Credit will be deducted automatically from your ESL business checking account.
    • To quickly transfer money from your line of credit or pay down the balance on your line, you can:
     
  • Rates

    Business Overdraft Line of Credit

    Type of Loan
    Purpose
    APR
    Type of Loan Business Overdraft Line of Credit
    Purpose Overdraft Protection
    APR 17.90%

    Rates accurate as of

     
    .
    APR = Annual Percentage Rate. Rates subject to a credit evaluation. Actual rates may vary.
     
  • How to Apply

    If you already have one of our great business checking accounts, it’s easy to apply for a Business Overdraft Line of Credit at ESL.

    Ready to apply? Here are the convenient options to apply.

    We look forward to helping you avoid overdraft fees and get the extra financial flexibility you need for your business.

    The ESL Business Overdraft Line of Credit: It’s another way that ESL answers to you.

     

GROW YOUR WAY

Get special rates on ESL Business Line of Credit and Term Loans and grow your business your way.


Offer Ends April 15 >

Earn $125

When you open a Business Classic Checking account and make $1500 in qualifying deposits. Offer ends March 18.


Learn More >