Section 3

Advance Funds from a Line of Credit

Funds can be drawn from a line of credit from 7:00 a.m. to 7:00 p.m. ET on business days.

To Draw on a Line of Credit:

1. Select Draw on a Line of Credit from the Loan Management page.

   

2. Utilize the dropdown menus to select the loan account number to transfer funds From. Select the checking account number to transfer funds To.
3. Select Next to proceed with transferring funds from your line of credit to your checking account; or select Cancel to return to the Loan Management main page.
4. The next screen will provide you with your current balance as well as the amount of credit available. Enter the amount that you wish to transfer.
5. Select Next to proceed with transferring funds; click Edit to return to the previous screen to change either of the account numbers; or select Cancel to return to the Loan Management main page.
6. Review the information provided on the Draw on a Line of Credit Approval page. Select Accept to transfer the funds; select Edit to return to the previous screen to change the amount of the transfer, or select Cancel to return to the Loan Management main page.
7. You will receive a confirmation screen. Select Main Page to return to the Loan Management main page or select Create Another Transaction to return to the account selection screen to transfer additional funds.

   NOTE: Funds are immediately available upon the completion of a successful transaction.