Sweep Services

Loan sweep

A loan sweep can help reduce the burden of calculating your daily cash position.

An open line of credit offers many conveniences. It can also make it necessary for your business to invest the time, effort, and energy into determining its cash position every day. A loan sweep from Desert Community Bank reduces this burden.

HERE’S HOW:

1. Any cash exceeding an amount pre-determined by you automatically transfers from your checking account to your line of credit once all debits and credits have cleared for the day.

2. If your checking account requires funding, it is rebalanced with money from your line of credit the following day.

KEY BENEFITS:

Reduce interest build up on your borrowings by using excess deposit balances to pay down debt
Automate determination of your cash position and transfer decisions every day
Transfer funds from your line of credit to your deposit account the next day to maintain a pre-determined balance as needed

Features same-day settlement of funds Offers international and domestic payments Provides real-time updates Includes dual control for enhanced security

CALL (760) 243-2140 TO GET STARTED

Zero balance account

Bring all of your accounts under one master account. Your funds are transferred to or from your master account daily—ensuring that secondary accounts are at zero or a pre-determined balance.

KEY BENEFITS:

Review your business’s cash position every day
Execute investments and loan payments using the collected funds
Automate transfers to increase efficiency and reduce expenses

CALL (760) 243-2140 TO GET STARTED