Current Prime Rate = 3.25%
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Line of credit *
- Maximum loan: $250,000
- Variable Interest Rate: Prime Rate + Margin, adjusted quarterly
- $250 packaging fee on term loans and line of credit loans up to $100,000
- $500 packaging fee on term loans and line of credit loans $100,000 and above
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Closed-end Loan *
- Maximum loan: $500,000
- Variable Interest Rate: Prime Rate + Margin, adjusted quarterly
- $250 packaging fee on term loans and line of credit loans up to $100,000
- $500 packaging fee on term loans and line of credit loans $100,000 and above
* Minimum 1 year business required.
Fixed rate business term loans available with SBA 7A and SBA Express.
- Maximum loan: $5,000,000
- 5 year balloon - up to 25 year loan amortization
- 10 year balloon - up to 25 year loan amortization
- 15 year balloon - up to 25 year loan amortization
Commercial Mortgages
Loans are subject to credit approval. Business owners must be members or eligible for membership at TFCU and must provide personal guarantees for loan request.
For more information, call: (631) 698-7000, ext. 3016
Rates subject to change.
