With a Line of Credit Sweep from MainSource, your company's cash automatically goes where it benefits you most - to pay down your line of credit or replenish your checking account.
Funds in excess of your business checking account’s target balance are transferred to your commercial line of credit. The money is used to pay down the principal balance on the line, reducing your interest expense. Money is transferred back to the business checking account as needed to maintain the target balance.
A MainSource Line of Credit Sweep can provide your business with these benefits: