Closed End Loan
Finance machinery and equipment or get a term loan for working capital for your
business. TFCU will give you an initial disbursement of funds that can be used for
financing one-time expenditures.
Current Prime Rate = 5.50%
- 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
Your business must have longevity of at least one year to complete this application. Apply online here.
TFCU Business Loan & Line of Credit Application
Personal Financial Statement
(For loans higher than $25,000)
For any help in completing this application or if your business has less then one year longevity, please call a TFCU Business Development Officer at 631-698-7000 x 1687 or at firstname.lastname@example.org.
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.
Rates subject to change.