Materials, equipment, labor, permits and even land purchases (land purchase expenses may not exceed 20% of the total LOC limit). Similar to the Contract Line of Credit, the Builders Line has a great deal of flexibility. This LOC may be used for a wide range of costs associated with building or renovating a residential or commercial property, where the intent is to sell that property to an as yet unknown party upon completion. Be aware, however, that this LOC is the most heavily regulated of the CAPLines programs and funds disbursements may be dependent upon project milestones.
The following product has a limit up to $5 million
