BUSINESS HELOC
Flexible cash flow to help your business grow
A business home equity line of credit (HELOC) gives you easy access to funds for your business. Use your home’s equity to get a line of credit in your business’s name. Borrow what you need — the funds are available again once you repay the amount. Plus, save with low upfront fees and only pay interest on what you borrow.
Elevations Business HELOC benefits:
Long-term liquidity: 10-year draw period followed by a 10-year repayment period
Low-cost origination: $250 credit toward your closing costs
Affordable payments: - Interest-only payments during the draw period - Interest may be tax-deductible for your business*
Fast processing: Local, in-house underwriting and processing for fast turnaround times
Easy, three-step process
2. We’ll reach out
3. You’ll get a quick decision
Commonly asked questions
When you get a HELOC for your business, you can use it for just about any business expenses, from renovations to equipment purchases.
This depends on your specific situation. We recommend talking with your banker to review your options.
Since Elevations is based in Colorado with a local, in-house underwriting and processing team, you can often receive your funds in as little as two weeks once we get your application. Document collection and appraisal can affect this timeline.
You may be able to deduct business HELOC interest payments from your business’s taxes. Please talk to your tax advisor for more information.
The amount you're able to borrow varies based on different factors like your credit score, available home equity and more. The best option is to complete this quick form(opens in a new window) so our Business Banking Team can talk through your options.
More ways we can help your business
LENDING
A range of revolving lines of credit and loans to keep your business moving forward.
Learn more
CUSTOM SOLUTIONS
Our Business Banking Team can help you find banking solutions fit for your needs.
Meet our team*May vary by situation. Please consult a tax advisor.