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(Se abre en una nueva ventana) so our Business Banking Team can talk through your options.
Otras formas en que le podemos ayudar a su empresa
TARJETAS DE CRÉDITO
Capacidad de gasto sin tarifas anuales, con tasas de interés competitivas y recompensas
Más información
PRÉSTAMOS
Diversos préstamos y líneas de crédito renovables para que su empresa siga avanzando.
Más información
SOLUCIONES A SU MEDIDA
Nuestro Equipo Bancario de Empresas puede ayudarle a encontrar soluciones que se ajusten a sus necesidades bancarias.
Conocer al equipo*May vary by situation. Please consult a tax advisor.