Bank of America Merrill Lynch is a leading lender to businesses in the United States. With its affiliates, Bank of America Merrill Lynch offers a wide range of corporate credit facilities tailored to meet the needs of each business and its industry, including short term debt to finance business needs while minimizing borrowing costs.

Who can benefit

• Lines of credit enable businesses to tap credit for working capital needs at reasonable costs and manage the businesses’ cash flow to maximize returns.
• Banker’s acceptances provide a short term financing source for trade transactions.
• Commercial paper is an attractive financing vehicle for companies with investment grade credit ratings, which require low cost, unsecured financing, as well as selected companies with ratings below investment grade.

Our bankers can work with you to assemble a package of short term debt and other working capital management products to address your specific objectives.

Capabilities

Services

• Comprehensive relationship approach based on in–depth knowledge of the client’s company.
• Industry specialization with the knowledge and experience to meet unique financing requirements.
• Dominant market position, permitting efficient pricing and solid execution of credit facilities of all types.
• Capital strength to handle virtually any size transaction.
• Worldwide client service.
• Global market knowledge and research expertise.

Products

Lines of credit

• Revolving line of credit: A committed agreement to lend money up to a set limit for a specified period of time, generally one to three years, during which the company may draw from and repay funds as needed.
• Nonrevolving line of credit: Similar to a revolving line of credit, however, the available credit limit is reduced each time a repayment is made.
• Allows a business to borrow only what it needs, when it needs it – matching the term of the debt to the business needs at hand.
• May be secured by current assets, enabling a company to tap credit for working capital and capital expenditures and provide liquidity for unexpected needs.

Banker’s acceptances

• Negotiable instruments used for both open account and documentary (letter of credit or collections) transactions, covering imports, exports, domestic storage and intercompany transactions.
• Short term, fixed rate financing can significantly lower trade financing costs.
• Global network of Bank of America Merrill Lynch offices ensures that we can tap money markets worldwide and issue your banker’s acceptance in numerous currencies.