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Closed End Loan

Finance machinery and equipment or get a term loan for working capital for your business. Teachers will give you an initial disbursement of funds that can be used for financing one-time expenditures.

Current Prime Rate = 3.25%

  • Maximum loan: $500,000
  • Variable Interest Rate: Prime Rate + Margin, adjusted quarterly
  • $500 packaging fee on term loans and line of credit loans $100,001 and above

Application Form

To apply, print out the following forms and drop off at your nearest Teachers branch or mail to: Business Lending Department, Teachers, PO Box 9005, Smithtown, NY 11787-9005.

Your business must have longevity of at least one year to complete this application.

  1. Teachers Business Loan & Line of Credit Application
  2. Personal Financial Statement
    (For loans higher then $25,000)
  3. IRS Tax Return Transcript Request

For any help in completing this application or if your business has less then one year longevity, please call a Teachers Business Development Officer at 631-698-7000 x 1687 or at

Loans are subject to credit approval.
Business owners must be members or eligible for membership at Teachers and must provide personal guarantees for loan request.
Rates subject to change.