Business Step Down LOC

Quote Provided

Interested in adding a competitive advantage and attracting new business and or commercial loans in an ever-increasing competitive marketplace? Why not add another type of loan product to your arsenal – the “step-down” line-of-credit loan which combined the benefits of a long-term open-credit loan with the flexibility of a revolving line of credit.

Category:

Overview

Lender*VP can assist your credit union in building a new category and product to begin offering the Step Down LOC to your members.

Schedule of Tasks

A Lender*VP Team member will reach out to discuss the questions and assist with setting up the product and/or category.

Requirements/Prerequisites

If creating a new loan category, the general ledger accounts for the category should be created prior to requesting this product.

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