Business Loans
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Commercial Mortgages
- Purchase or refinance commercial real estate
- Competitive Rates
- Variety of Terms
- Conventional or SBA
- Up to 80% LTV, cash out options
- No early termination penalties
Commercial Real Estate Secured Lines of Credit
Looking to grow your business? Obtain the additional funds you need for your business to succeed with a secured commercial equity line of credit. This allows you to tap into the equity of your eligible commercial property, using the property as collateral. These lines of credit feature:
- Financial flexibility for purchases
- Covers cash flow needs
- Competitive rates
- Multiple pay back term options
- No early term penalties
- Construction Loans
Have a new project in mind? Or need to remodel your current facility? Ideal for individuals, developers and contractors, our construction loans include the following benefits:
- Multiple disbursements
- Simple access to funds
- Add a level financing option
- Land acquisition financing
Term Loans
Term loans are short or intermediate financing options that are used to finance a business need for a specific amount of credit over a set period of time. Term loans can be used to:
- Purchase equipment
- Finance assets
- Acquisitions
- Purchase vehicles
- Funds available for various business needs
- Fund business growth or expansion
When you need a fixed-term loan using the equity in your existing commercial property, look no further than our competitive business term loans. These loans offer the following benefits:
- Secured and unsecured options available
- Fixed or variable interest
- Repayments based on a predetermined schedule
- Variety of terms available
- Set up automatic payments through your credit union business checking account
Lines of Credit – Working Capital
A revolving line of credit may be the best financing option for those short-term cash flow needs. A line of credit gives an opened-ended access to a predetermined amount of credit. Lines of credit, both secured and unsecured, are available for business needs such as:
- Working capital
- Funding payroll
- Purchasing supplies
- Business emergency
- Seasonal inventory purchase
- Bridging the gap between accounts receivable and accounts payable
Business Credit Cards
All you need from a business credit card:
- No annual fee
- Cash back features
- Low competitive rates
- Easy to manage online features
- Manage cards for employees
Here is what you need to get started
- Business entity appropriately formed and filed
- In business for 24 consecutive months
- 2 years of business and personal financial statements with tax returns (all schedules required)
- Complete detail and financial information on property with rent rolls, if applicable
- Personal guarantees from all owners with 20% or more ownership (rated credits may apply for non-recourse loans)
- Interim income and balance statements