Applicants need to have been in business for two years or more.
Minimum annual business revenue of $100,000 required.
* APR or Annual Percentage Rate. Business Lines of Credit (LOC) are subject to credit approval and require automatic payment deduction from an Academy Bank business checking account. The 4.99% promo rate is good for 6 months of opening the Business LOC. Line of Credit loan amount cannot exceed $500,000 to receive the 6-month 4.99% APR promo. 0.50% Origination Fee applies, based on loan amount. $250 Annual Fee is waived for the first year (conditions apply).