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Line of Credit

Line of Credit

Access funds for your business when you need it with a business line of credit.

Contact our business experts

A Business Line of Credit is flexible to help with unexpected expenses, payroll, or when you just need a little assistance. You will only pay interest when you withdraw funds, and rates are typically less than business credit cards. Let Texell help you prepare for the unexpected, so you can focus on what’s important.

Business Line of Credit:

  • Commercial experts to guide you and find solutions for your business.
  • Only pay interest when you use the funds.
  • Fixed interest rates.
  • Flexible options — lines can be revolving, asset-based, or guided in a guidance line of credit.
  • Money when you need it — from unexpected repairs to seasonal variables, you will be ready for anything.
  • A variety of loan terms and payment options to choose from.
  • Quick and easy approval process.

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make an appointment

Get a personalized consultation with a Business Loan expert.

Schedule an appointment

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Talk with a Commercial Loan expert Monday – Friday, 9 a.m. – 6 p.m.

Call 254.774.5161.

Frequently Asked Questions:

A Business Line of Credit is a fixed amount of money your business can access when needed. Your business can use any amount, up to your credit limit, and then repay immediately or over a prespecified period. As you pay back the loan, you will have more funds available for withdrawal.

Most lenders, including Texell, require borrowers to have a minimum score for business loans, including Business Lines of Credit. Texell will look at “Paydex” and Intelliscore Plus scores during the process. You will also need to show at least three years in your business under current ownership.

Applying for a Business Line of Credit may require some or all of the following documentation:

  • Business tax returns, if applicable
  • Personal tax returns
  • Your books, records, and financial reports
  • Details regarding collateral
  • A third-party appraisal of the property, if needed
  • Business plan

Texell will help you every step of the way. We will guide you through the loan application process to help your business succeed. We’ll work together to get a loan that best meets your needs.

Loans typically close in two weeks or less, but it could take longer depending on the complexity of the request.

Fees for a Business Line of Credit include origination, document, and out-of-pocket expenses.

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