Why a BusinessLock Line of Credit?
BusinessLock is a revolving line of credit that provides the convenience of locking³ portions of your balance into separate fixed rate term loans.
You can use your available line of credit while other portions are locked, giving you ultimate flexibility for managing cash flow and making purchases for your business.
Whether you need to upgrade equipment, balance seasonal cash flow needs, or take advantage of immediate opportunities to expand your business, now is the perfect time to talk with a Business Expert about your specific needs.
Promotion applies to new extensions of credit only. Payments must be auto-debited from a qualified account. Applications must be received no later than 10/31/17. Promotion applies to loan requests of $250,000 or less. Rates and terms are subject to change without notice. Restrictions may apply and all loans are subject to credit approval.
1. The rate reflected above is a fixed 12 month introductory offer for a new BusinessLock line of credit. Beginning the thirteenth month the rate is variable and based on the BOKF Prime rate plus a margin. Margin rate is determined based on Borrower qualifications.
2. The rate quoted is offered depending on the applicant’s excellent and substantial credit and key loan characteristics, including amount, term, vehicle age, and auto-debiting payments from a qualified account. Applicants with less than excellent and substantial credit may be offered a higher rate. Offer limited to business auto loans not currently held at our bank.
3. Subject to credit approval. Maximum line of credit for BusinessLock is $250,000. Minimum amount required to lock is $5,000. Lock Terms range from 12–60 months. Maximum of three locks can be outstanding. Account must be open and in good standing to process a lock request.