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 = 5.00%
- 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
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.