Line of Credit fees?

[Alexander Lang]

Hello all,

So I was applying for a business line of credit with my bank and they offered me $30,000 on a line of credit.

My question to you is, do these fee's associated with having the line of credit seem: reasonable, OK, or too high? 

I would plan on using this for either down payments or renovation costs for my next rental property.

The only reason I ask is that I have a personal line of credit through them for $10,000 with no annual fees (but 11.5% APR)

• -Minimum monthly payment is 2.5% of outstanding balance on lines of $100,000 or less.
• -Fees: A $150 annual fee applies to lines of $50,000 or less.

Any input would be greatly appreciated!

Thank you!