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Business Loans and Lines of Credit




    • Check and uncheck the boxes to compare up to three accounts.
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Open an account by:
What it is:
Line of credit from $5,000 to $250,000 with a variable interest rate.
Best use:
Short-term working capital, seasonal purchases, inventory or payroll.
Term:
Up to $100,000:   3 years
$100,001 and up:  1 year
Collateral:
None. Unsecured
Amount you can borrow:
$5,000 to $250,000 (subject to credit approval)
Extras:
•0.50% reduction for auto payment from Umpqua checking account.  Not available for lines of credit with no closing document option.
• No annual fee for the first year
Minimum monthly payment:
Up to$25,000:  2% of principal balance, with $100 minimum. 
$25,001 and up: Interest only 
 
Balloon payment at maturity. See details. 
One-time origination fee:
$5,000 - $25,000: No Origination Fee
$25,001 and up: $150
Fixed interest rate:
N/A
Floor / ceiling:
Floor 3.95% - Ceiling 18%
Balloon payment:
Yes
Late payment fee:
Greater of $10 or 5% of any minimum payment not paid within 10 days after due date.
Annual fee:
$150 (Beginning on first anniversary)
Deposit account relationship:
Umpqua Bank account required
Interest payment frequency:
Monthly
Loan rate adjuster
From 1.50% to 4.75%; set during underwriting. See details.
Loan rate index
Wall Street Journal Prime Rate
The fine print:
1 Click "Rate details" for interest rate information.  Rates shown are effective as of 05/20/2013.  The variable Interest Rate and corresponding Annual Percentage Rate (APR) are based on the Wall Street Journal Prime Rate (the "Index"), currently 3.25%, plus a rate adjuster (spread).  The rate adjuster is based on the amount borrowed, the borrower's credit score and loan type (no closing documents or closing documents).  The Interest Rate and corresponding APR are subject to change monthly based on changes in the value of the Index.
Rate details:
details
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