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.

  • 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 $50,000)
  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. 

Only businesses registered in NY are eligible.