Commercial Line of Credit
With revolving line of credit, you have the flexibility you need in short term capital needs to manage your cash flow more efficiently and maximize your business growth more effectively. With trade finance line of credit, you can also facilitate payment of goods in either international or domestic trade. Minimize interest expense by repaying whenever you can and reuse whenever you need.
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Types of Commercial Line of Credit
Overdraft Protection
- Starting as low as $10,000
- Initial Term of 12 months and renewal thereafter
- Interest and 1/60 of prior month’s principal balance, Monthly
- Lump sum at maturity
- Variable Interest Rate
Trade Finance
- Starting as low as $10,000
- Initial Term of 12 months and renewal thereafter
- Interest, Monthly
- Lump sum at maturity
- Variable Interest Rate
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Have difficulties in choosing what suits your needs the best?
Take a quick glance of benefits of each product:
Use of Proceeds
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| Overdraft Protection |
- Short-term Working Capital
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Trade Finance
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Others
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Overdraft Protection
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- Best to manage short-term cash flow fluctuation
- Manageable minimum monthly payment
- Pay no interest until you draw funds
- Linked to business checking account
- No Prepayment Penalty
- Auto debit from Woori America Bank Checking Account
- Other terms, conditions and restrictions may apply
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Trade Finance
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- Open up letter of credit to purchase goods
- Maximum repayment term for each business or trust receipt loan is 270 days (shorter repayment term may apply depending on business cycle)
- No Prepayment Penalty
- Auto debit from Woori America Bank Checking Account
- Other terms, conditions and restrictions may apply
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Have a Question?
For more information, please call customer service at 1-888-MyWoori (699-6674) or contact us online.
Contact Us
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