PRINCETON, N.J. - United Jersey Bank said it has introduced an unsecured revolving credit line for small business customers that will provide immediate access to cash by writing a check.

The new cash reserve credit line ranges from $2,500 to $10,000, the bank said.

The line also provides overdraft protection when the customer's current checking account balance is insufficient to cover items presented for payment.

The bank said it had also extended the term of its existing small business line of credit, which provides quick access to secured amounts ranging from $5,000 to $150,000. Repayment terms have been extended from 36 months to either 48 or 60 months, without the need for renewal.

Customers also have the option of paying interest only during the first 12 months of a 60-month credit in which the remaining 48 months is structured as a four-year term loan, UJB said.

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