The Bank of Kentucky can provide your business a convenient and efficient way to use and maximize available funds by linking your Business Checking account to your Line of Credit. As checks are presented for payment, draws are made against your line of credit. As deposits are made to your checking account and become available, payments are made to your line of credit.
||LINE OF CREDIT
|Checks presented for payment
||Draw made against Line
|Deposit made to checking
||Payment made to Line
- Activity reported on one monthly statement
- No need for recurrent draw requests or regular payments
Linked to an Investment Sweep account, your money can earn interest on excess funds after the line is paid in full.
For additional information on Commercial Sweep accounts or other Cash Management Services, click here or call 859-372-9779.