Automatic Line Curtailment
To qualify for this line of credit service, your company must have an approved line of credit and a disbursement account with Mercantile Bank
- Reduces interest expense for customer by authorizing the Bank to curtail line of credit with available balances in operating account. Draws will also be made as needed.
- Reviewing accounts daily to determine what action, if any, is needed.
- Work with pre-approved lines of credit. Parameters of line are considered before making any draws/pay downs.
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