A Teachers Credit Union Business Line of Credit Loan gives you access to cash, whenever you need it, up to a pre-specified amount. That means financial flexibility, at your fingertips – whether it's for your small business or a line of credit for a larger company. 

Funds will always be available to you, when you need them, but you pay no interest until you draw on the line. This makes a line of credit an excellent resource to have at your disposal in case of an emergency. Your line can be secured or unsecured, with multiple repayment options, and a variable interest rate.

A business line of credit is great for a variety of ongoing or short-term financing needs. Use the funds to improve your cash flow, purchase inventory, materials and equipment. Revolving credit lines are also very useful to use as overdraft protection on a business checking account.

  • Current Prime Rate: 3.25%
  • Maximum loan: $250,000
  • 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.

  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, please call a Teachers Business Development Officer at 631-698-7000 x 1687 or at business@teachersfcu.org.

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.