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 + 3.00%, adjusted quarterly
  • $500 packaging fee on term loans and line of credit loans $100,001 and above


Application Process for Teachers FCU Business Line of Credit 

To apply, print out the following forms and drop them off at your nearest Teachers branch or mail them to: Business Lending Department, Teachers, or email to: business@teachersfcu.org.

  1. Teachers Business Loan & Line of Credit Application
  2. Personal Financial Statement (For loans $50,000 and greater)

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 provide personal guarantees for loan requests.

Rates are subject to change. 

Only businesses registered in NY and FL are eligible.