Bank of Elmwood

Business Reserve Line of Credit
Elan Visa Business Card

Business Reserve Line of Credit

Sole Proprietors only
Minimum Line $1,000
Maximum Line $7,500
Easy access by customer checks
Minimum check amount is $100
Competitive Rates*
Automatic payment deduction from your business checking account
Minimum payment is $15 or 2% of outstanding balance

*Variable rate at Prime +3% (.50% discount with Prime Interest Series for Business Checking package)

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Elan Visa Business Card

An Elan Visa Business Card gives you an edge. The more you use it, the more you'll benefit - with streamlined accounting, solid purchase protection and no annual membership fee with one purchase per year. Or choose the Elan Visa Business Travel Card, and earn free trips that truly make business a pleasure.

Two Ways to Suit Your Style

Soar with the Elan Visa Business Travel Card
This special Visa® gives you one free travel point for every net purchase dollar charged. Earn up to 10,000 points a month. Exchange your points for free tickets on any airline, with no blackout dates or seating restrictions - all for a low $55 annual travel fee.¹ Apply now and get 2,500 bonus points.
Save with the Elan Visa Business Card
You'll pay no annual membership fee as long as you make at least one purchase per year. And you'll still get all the great benefits below.

Great Benefits Every Day

Extended Warranty Coverage. Double the manufacturer's warranty on everything you buy (up to one year).²
Purchase Protection. Guard new purchases with 90-day protection against damage and theft.²
Travel Insurance. Up to $500,000 for you and your family each time you purchase tickets with your Elan Card.
Car Rental Discounts. Save on Alamo, Avis, Hertz or National.
Free Collision/Damage Insurance. You're fully covered when you use your Elan Card to rent a car.²
Travel Assistance. Replace lost tickets, obtain medical and legal referrals.
Free Year-end Reports. Recap annual expenses by category.
Additional reports regarding card usage and transactions will be provided upon request for a $5 fee pre cardmember account.
Combined Statements. Companies with up to 20 cardmembers receive a consolidated statement for simplified bookkeeping.
24-hour Cardmember Services. 1-800-558-3424. When you have questions we're here for you every hour, every day.

¹Maximum ticket prices apply and vary by award level. Service provided by Cendant Incentives Incorporated.
²Certain conditions and exclusions apply. Details of coverage will be provided when you become a cardmember.

Resources at Your Fingertips

Two Cards for a Tailored Fit
Elan offers two distinct Cards to bring you maximum benefits on the job. The Elan Visa® Business Travel Card turns your purchase dollars into free travel. And the Elan Visa Business Card has no annual membership fee with at least one purchase a year. Either way, Elan Business Cards provide an impressive list of advantages. Here are just a few.

Improve Cash Flow
How often do you pay vendors with cash or a check up front? Your Elan Visa Business Card gives you an entire month before your payment is due - so it's a great tool for improving cash flow.

Streamline Accounts Payable
By using your Elan Visa Business or Visa Business Travel Card, you'll reduce your Accounts Payable and check-writing costs, even for vendors who provide you with a "house account." You'll write just one check a month and have a complete record of all your transactions.

Make Taxes Less Taxing
You'll have all the records you need for tax filing, audits and expense management in one place. If you use your card exclusively for business, your interest charges may even be tax deductible. Please consult your tax advisor.

One Easy Statement for Up to Twenty Cardmembers
Companies with up to 20 cardmembers receive a combined statement, showing all charges at a single glance. Charges are grouped by cardmember. This provides a number of benefits, including simplified bookkeeping and fewer overall payments to make. It also helps you keep track of expenses for accounting and tax purposes.

Cash on Hand
Need cash fast? Your Elan Visa Business or Visa Business Travel Card is accepted at more than 640,000 ATMs and financial institutions worldwide.

No Annual Fee
There's no annual membership fee with the Elan Visa Business Card as long as you make one purchase per year. Otherwise $20.

The Elan Visa Business Travel Card has a $55 annual travel fee.

Take Charge
From office supplies, cell phone charges, and select utility bills to vehicle maintenance, cleaning supplies, and Internet purchasing, an Elan Visa Business Card is a smart way to pay.

With Elan's flexible repayment terms, you're in control. You can pay off everything each month - make just the minimum payment of 2% - or pay any amount in between. Join the thousands of other business people who are already making their job a lot easier.

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Lender

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