SBA Caplines
CAPLines is the umbrella program under which the SBA helps small businesses meets their short-term and cyclical working-capital needs. A CAPLines loan, Except the Small Asset-Based Line, can be for any dollar amount that does not exceed SBA's limit. (See the 7(a) Loan program for more information on SBA's Basic Requirements.) MetroPacific Bank offers three of the five short-term working-capital loan programs for small businesses under the CAPLines umbrella:
Seasonal Line: These are advances against anticipated inventory and accounts receivable help during peak seasons when businesses experience seasonal sales fluctuations. Can be revolving or non-revolving.
Contract Line: Finances the direct labor and material cost associated with performing assignable contract(s). Can be revolving or non-revolving.
Builders Line: If you are a small general contractor or builder constructing or renovating commercial or residential buildings, this can finance direct labor-and material costs. The building project serves as the collateral, and loans can be revolving or non-revolving.
Please contact the SBA Department for determination.
To visit the Small Business Association website Click Here