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Business Loans & Lines of Credit
Take the next step in your business's unique journey with our customized financing solutions.
Competitive rates
Flexible payment terms
Low closing costs
Work with our best people
Benefit from the knowledge of seasoned commercial lenders who have insight into how your industry operates.
Our loans can help unleash the potential of your business
Expand operations or acquire new equipment. Add to your product line or seize other emerging opportunities. At Securityplus Federal Credit Union, our competitive rates, flexible terms, and seamless application process all work together to to support your ambitions.
Business Term Loans
Unlock growth potential and implement your expansion plans with loans for equipment, expansion or the next phase of your five-year plan.
- Get a lump sum of cash as soon as you close the loan
- Both fixed-rate and variable-rate loans available
- Benefit from financing options for up to 7 years, tailored to your business cycle.
- Keep project and purchase costs in check with our low closing costs.
- Up to 80% Loan-to-Value helps you preserve your own funds for other purposes
Business Term Loans
Unlock growth potential and implement your expansion plans with loans for equipment, expansion or the next phase of your five-year plan.
- Get a lump sum of cash as soon as you close the loan
- Both fixed-rate and variable-rate loans available
- Benefit from financing options for up to 7 years, tailored to your business cycle.
- Keep project and purchase costs in check with our low closing costs.
- Up to 80% Loan-to-Value helps you preserve your own funds for other purposes
Business Line of Credit
Adapt to the dynamic needs of your business. Lines of credit offer unparalleled flexibility, allowing you to instantly access funds for almost any purpose.
- Choice of secured or unsecured loans
- Diverse collateral options, including real estate, vehicles, and other business assets
- Budget friendly monthly payments with interest-only options
- Easy annual renewal
- Ideal for covering unexpected expenses, acquiring inventory, hiring seasonal help, purchasing supplies and providing access to working capital
- Competitive variable rates, linked to the Prime Rate
- Easy access to funds through Digital Banking and at Securityplus branches
Business Line of Credit
Adapt to the dynamic needs of your business. Lines of credit offer unparalleled flexibility, allowing you to instantly access funds for almost any purpose.
- Choice of secured or unsecured loans
- Diverse collateral options, including real estate, vehicles, and other business assets
- Budget friendly monthly payments with interest-only options
- Easy annual renewal
- Ideal for covering unexpected expenses, acquiring inventory, hiring seasonal help, purchasing supplies and providing access to working capital
- Competitive variable rates, linked to the Prime Rate
- Easy access to funds through Digital Banking and at Securityplus branches
Document Requirements for Smooth Application
Business loan application
Business lending document checklist: detailing terms, loan amount, collateral, etc.
Financial documentation: Including personal and business tax returns
Credit authorization for credit review
Personal financial statement, business debt schedule, and other relevant documents
