BizMax Loans and Lines of Credit

Ideal for a growing business in need of short or long-term working capital, inventory or equipment financing.

Two types of credit to choose from:

Use of Funds	Short-term working capital Seasonal purchases Inventory purchases Payroll
Line Amount	$10,000 - $250,000
Terms	12-month term with annual renewal and term reset upon approval
Collateral	Secured by all business assets, UCC filing
Interest Rate	Variable and indexed to Wall Street Journal Prime plus a margin determined during the credit review process¹
Access to funds	Check, Online Banking, in-person or telephone transfer
Additional Features	May be used for overdraft protection
Minimum Monthly Payment	Accrued interest only No outstanding principal balance for 1 consecutive 30-day period required
Fees	$250 processing fee due at closing $250 annual fee assessed 1 year from the date the line is opened Other fees may apply
Online and Mobile Banking²	FREE

Subject to credit approval. Rates may be higher based on loan amount and SBSS score. Includes 0.25% discount available with auto-pay from an MB&T account. BizMax Line of Credit APR is a variable APR based on WSJ Prime plus a margin. Margin will be fixed for 1 year.
Montecito Bank & Trust does not charge for the Mobile Banking service; however, your wireless provider may charge for Internet access and text messages. Please check with your wireless provider.

Use of Funds	Long-term working capital Consolidate existing debt Inventory purchases Equipment purchases
Loan Amount	$10,000 - $250,000
Terms	5 years
Collateral	Secured by all business assets, UCC filing
Interest Rate	Fixed³
Access to funds	Fully disbursed at closing
Minimum Monthly Payment	Fixed monthly payments through the term of the loan
Fees	$250 processing fee due at closing Other fees may apply
Online and Mobile Banking⁴	FREE