Webster’s AutoBorrow Account helps reduce interest expenses on your business Line of Credit (LOC) by borrowing only what you need, exactly when you need it.
- Makes borrowing more efficient
- Saves you time and effort
- Lowers interest expenses
A revolving line of credit is useful for covering your organization’s expenses, but you don’t want to pay interest on more than you need.
Webster’s AutoBorrow Account provides a convenient way of managing your cash flow. It automatically draws funds when you need them, and in turn, automatically pays down your balance when funds are available. So not only will you keep your interest expenses at a minimum, you’ll also eliminate manual tracking and transfers.