Home Equity Options for Small Business Owners
Finding inventive ways to finance your growth can give you an edge, and using your home for quick, lower-cost funding is a smart way to seize opportunities fast. Amboy Bank has two easy ways to support your business needs.
Flexible, easy funding for your business
Use the equity in your home for your business. Amboy Bank’s Prime HELOC gives you quick access to funds, up to $500,000, with interest-only payments and a variable rate. Unlike a standard business line of credit that may require you to re-qualify every year, the Prime HELOC lets you tap into your home equity without applying again and again. Use the funds to make improvements, hire staff, or manage expenses.
Refinance to save and stay flexible
Refinance your current mortgage today. Pre-pay your mortgage at any time to save on interest costs. You’ll then be able to access your pre-payments if and when you need them at the same fixed mortgage rate. It’s a smart way to lower costs, while maintaining financial flexibility and peace of mind. Ideal for contractors, attorneys, or anyone with variable income.