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What it is:
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Line of credit from $5,000 to $250,000 with a variable interest rate.
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Line of credit from $25,000 to $250,000 with a variable interest rate.
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Loan from $5,000 to $250,000 with a fixed interest rate.
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Best use:
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Short-term working capital, seasonal purchases, inventory or payroll.
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Short-term operating expenses or small capital expenditures.
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New or used vehicles, long-term working capital, equipment, existing debt, expansion.
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Term:
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Up to $100,000: 3 years
$100,001 and up: 1 year
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Up to 3 years
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Up to 5 years 1
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Collateral:
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None. Unsecured
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Unencumbered real estate and other business assets except bare land or lots.
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Secured by business assets, vehicles or equipment.
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Amount you can borrow:
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$5,000 to $250,000 (subject to credit approval)
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$25,000 to $250,000 (subject to credit approval)
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$5,000 to $250,000 (subject to credit approval)
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Extras:
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•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
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•0.50% reduction for auto payment from Umpqua checking account
•No annual fee for the first year
•SBA government-guaranteed lines available
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• 0.50% reduction for auto payment from Umpqua checking account
• SBA government-guaranteed loans available
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Minimum monthly payment:
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Up to$25,000: 2% of principal balance, with $100 minimum.
$25,001 and up: Interest only
Balloon payment at maturity. See details.
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Interest only with $100 minimum due.
Balloon payment at maturity.
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Loan fully amortized over loan term.
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One-time origination fee:
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$5,000 - $25,000: No Origination Fee
$25,001 and up: $150
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$150
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1% of loan amount or $150, whichever is greater
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Fixed interest rate:
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N/A
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N/A
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Up to 36 Months: $5,000 to $25,000: 3.25% to 6.50%
Up to 36 Months $25,001 to $100,000: 3.25% to 6.50%
Up to 36 Months $100,001 to $250,000: 3.25% to 6.50%
37-60 Months: $5,000 to $25,000: 3.50% to 6.75%
37-60 Months: $25,001 to $100,000: 3.50% to 6.75%
37-60 Months: $100,001 to $250,000: 3.50% to 6.75%
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Floor / ceiling:
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Floor 3.95% - Ceiling 18%
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Floor 3.95% - Ceiling 18%
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n/a
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Balloon payment:
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Yes
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Yes
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n/a
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Late payment fee:
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Greater of $10 or 5% of any minimum payment not paid within 10 days after due date.
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Greater of $10 or 5% of any minimum payment not paid within 10 days after due date.
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Greater of $10 or 5% of any minimum payment not paid within 10 days after due date.
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Annual fee:
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$150 (Beginning on first anniversary)
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$150 (Beginning on first anniversary)
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n/a
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Deposit account relationship:
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Umpqua Bank account required
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Umpqua Bank account required
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Umpqua Bank account suggested
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Interest payment frequency:
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Monthly
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Monthly
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N/A
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Loan rate adjuster
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From 1.50% to 4.75%; set during underwriting. See details.
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From 1.00% to 2.75%; set during underwriting
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N/A
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Loan rate index
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Wall Street Journal Prime Rate
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Wall Street Journal Prime Rate
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N/A
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The fine print:
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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.
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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 and the borrower's credit score. The Interest Rate and corresponding APR are subject to change monthly based on changes in the value of the Index. Third party closing costs ranging from $500 to $3,000 may apply. Property insurance required for accounts secured by improved real estate; flood insurance is also required if the property is located in a special flood hazard area.
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1 Term of 72 or 84 months available on amounts over $50,000 when rolling stock or manufacturing equipment is used as collateral. Certain restrictions apply. Contact your local Umpqua Bank store for additional information.
Third party closing costs ranging from $500 to $3,000 may apply. Property insurance required if the loan is secured by improved real property; flood insurance is also required if the property is in a special flood hazard area. Rates shown are effective as of 05/20/2013
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Rate details:
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N/A
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