BankAmerica Corp. introduced a credit product that it hopes will offer small businesses one-stop shopping for both short- and long-term financing.

The product incorporates a revolving line of credit and as many as three fixed-rate term loans with one application.

The revolving credit line-from $100,000 to $250,000-can finance inventory and receivables and manage cash flow.

When entrepreneurs need long-term financing for a fixed-asset purchase or working capital, they turn their line of credit into a term loan. Businesses can have up to three five-year term loans at once.

As a business owner repays the loan balances, the amount of credit available in the line is replenished. The credit lines carry 12-month terms and are renewable annually.

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