Line of Credit Sweep (LOC)

Union First Market Bank's Line of Credit Sweep, automatically moves your company's cash to where it benefits your business the most. Pay down your line of credit or replenish your business checking account.

• Reduced interest expenses
• Keep your business's money working at all times
• Stop the hassles of daily transfers between accounts

Funds above a set target are "swept" into your line of credit account to pay down your balance and minimize interest expenses.

If your business checking account balance falls below the target, funds are automatically drawn from your line of credit to refill your checking account.

Union's Line of Credit Sweep is part of our Treasury Management services, take a look at what else we can do for your business.