Line Draws, Paydowns and Interest Accrual
Inside SinglePoint, a Business Line of Credit draw is a two-click action: select the line, enter the draw amount, confirm the destination operating account. Funds post to the linked checking DDA within minutes. Interest accrues daily on the drawn balance at the configured rate — Prime + margin or SOFR + margin — and posts monthly as an automatic ACH debit from the funding DDA.
Paydowns are equally straightforward. Select the line, enter the paydown amount, confirm the funding account. Paydown reduces drawn balance immediately with same-day value. Excess liquidity often triggers automatic sweep-to-paydown (pay down the line before sweeping to money market) — configurable inside SinglePoint. Unused-line fee posts quarterly on the average undrawn balance.


