Monthly interest payments or additional principal payments can be made in the following ways:
Online Banking
Sign into Online Banking, utilize Funds Transfer. Set up one-time and recurring payments.
ACH
Payments can be automatically deducted from your external checking account. Please complete the ACH Loan Payment form.
Pay-by-Phone
Monthly loan payments can be made using our automated voice response system. Contact us at 800.650.5904 and the system will prompt you through the process.
Wire Transfer*
Instructions:
The Bancorp Bank, N.A.
Wilmington, DE 19809
ABA Number 031101114
Account Number 001119100
Account Name: Loan Operations
Reference:FBO Account Title/Loan Account Number
Check*
Please make check payable to The Bancorp Bank, N.A.
Mail to: The Bancorp Bank, N.A.
Attn: Loan Operations
409 Silverside Road, Suite 105
Wilmington, DE 19809
*IMPORTANT:
Please specify on the check memo line or on the wire transfer form how the additional payment should be applied to the loan account:
Interest Capitalization
Clients have the option to capitalize the interest on their SBLOC. Instead of paying the monthly interest on the line, clients can authorize us to capitalize the interest payment, adding it to the loan principal. Note: This may significantly increase the overall cost of borrowing. Advisors should discuss this option thoroughly with clients.
Interest Capitalization Form
For any questions about payments, please contact us.