Home Equity Line of Credit (HELOC)
Especially for young businesses without much credit history, utilizing your home's equity is an excellent alternative to secure the financing you need. A HELOC can jumpstart your business and may even provide tax deductions on the interest.*
- Summary
- Attractive rates lower than credit cards
- Loans up to 65% of your home's value, less any existing mortgages and liens
- Access funds as needed without reapplying
- Only pay interest on what is used
- Interest is generally tax deductible*
- Can set up automatic payments from your Esquire Bank account
*Consult a tax advisor.
