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Business Loans and Lines of Credit




    • Check and uncheck the boxes to compare up to three accounts.
secured expressline

Open an account by:
What it is:
Line of credit from $25,000 to $250,000 with a variable interest rate.
Best use:
Short-term operating expenses or small capital expenditures.
Term:
Up to 3 years
Collateral:
Unencumbered real estate and other business assets except bare land or lots. 
Amount you can borrow:
$25,000 to $250,000 (subject to credit approval)
Extras:
•0.50% reduction for auto payment from Umpqua checking account
•No annual fee for the first year
•SBA government-guaranteed lines available
Minimum monthly payment:
Interest only with $100 minimum due.
Balloon payment at maturity.
One-time origination fee:
$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 1.00% to 2.75%; set during underwriting
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 04/22/2013.  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.
Rate details:
details
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