Home Equity Line of Credit (HELOC)

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.

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