The Chase Loan For HIre program offers up to 2% off your loan rates when you take out a business loan with Chase Bank, hire new employees, and maintain a Chase business checking account, valid through December 31, 2010.
Important Update: This promotion has expired. Review these additional Chase Bank Promotional Bonuses for more Chase business checking offers, credit card bonuses, and other Chase deals.
Open a Chase business line of credit, and you’ll get an immediate half-point rate discount for each new employee that you hire in 2010, valid for up to 3 employees for a total 1.5% rate discount.
Plus, if your business checking account is also with Chase, you’ll get another half-point rate discount on top of that.
That’s as much as 2% off Chase’s business loan rates, which could save you thousands of dollars on your business line of credit.
Check out the Chase Loan For Hire Program to save up to 2% off your business loan interest rates today.
Call your Chase business banking specialist, or visit any branch for details on the Chase Loan For Hire program.
Chase Loan For Hire Details
Businesses with annual sales revenues of $10 million or less are eligible.
This offer applies to new lines of credit between $10,000 and $250,000 and to existing lines that are increased by $10,000 or more.
Chase reserves the right to cancel this offer at anytime without notice; however, this offer will still apply to lines that are already booked and applications for lines that are being processed prior to cancellation.
This offer is not valid in combination with any other lending offer.
Lines must be opened by December 31, 2010, to be eligible for this offer.
New Employee Rate Discount Details
On or before December 31, 2010, the borrower must provide certification satisfactory to Chase that borrower has completed the following:
1. During the period beginning on June 29, 2010, and ending on December 31, 2010, increased the net number of persons employed by borrower.
2. With respect to each such person, retained a completed Form I-9.
Any interest rate reduction will become effective 14 to 30 days following Chase’s receipt of borrower’s certification.
Chase will reduce the rate at which interest would otherwise accrue to the unpaid principal balance of the promissory note by 0.50% for each new person employed by the borrower, valid for up to 3 people and a maximum interest rate reduction of 1.50%.
Discounts provided for new employee hiring are good for the life of the business line of credit.
A qualifying employee is any new hire for whom you are required to complete an I-9 form (U.S. Citizenship and Immigration Services Form I-9).
Chase Business Checking Rate Reduction Details
You’ll receive a 0.50% rate discount if your business is checking with Chase Bank.
This discount is valid as long as you retain the business checking relationship.
If the Chase business checking account is ever closed, the additional 0.50% rate reduction will no longer apply.
Take advantage of the Chase Loan For Hire program to receive up to 2% off your business line of credit rate from Chase Bank.
You may also be interested in these Chase Business Credit Card Offers to save money on your business purchases with a Chase credit card.
Apply for a Chase business line of credit today to save up to 2% with the Chase Bank Loan For Hire program.