Member Business Loans
Business Equipment Loans
Do you need funds to purchase equipment, a new vehicle, inventory or other business assets? A business equipment loan, secured by business assets, will enable you to borrow funds while at the same time setting up a payment that won't change every month. Terms are typically 5 – 7 years.
If you've found the perfect place to relocate or expand your business and you need to purchase or improve the property, UPCCU offers a Commercial Mortgage to meet your needs. We offer flexible repayment terms up to 20 years. Rates are very competitive. You can also refinance your real estate loan from another institution or pay off a land contract to take advantage of our great rates!
Small Business Administration (SBA) Loan Guarantee Program
If you have inadequate collateral, weak credit score, or a higher risk business situation it may create difficulty in getting approved for a loan. If this is your situation, we might be able to offer you a solution. An SBA loan can be used for the purchase of assets or real estate, general business financing, or working capital. Terms are attractive, and we do the leg work with the SBA.
Lines of Credit
Occasionally, businesses need short term financing when waiting for a seasonal influx of revenue, or perhaps for financing a large project that may take several months for payment to be received. A revolving Line of Credit will solve your short term cash shortage, and provide you with funds necessary. Terms are usually for one year, and an interest payment is required each month.
Share Secured Loans
If you would rather not touch the money in your savings or certificate account, but need capital, consider a Share Secured Loan. You’ll have the money for your business needs without losing interest on funds invested at UPCCU. Share Secured Loans are also a good way to build a credit record to support future borrowing.Go to main navigation