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Commercial lending services have been expanded at USU Charter Credit Union. It’s easy to customize a loan to meet your requirements because the Credit Union offers a wide variety of commercial loan options.
We provide loans for start-up businesses, acquisitions,
expansions, and commercial real estate. In addition, the
Credit Union serves business’ financial needs with
business checking, credit cards, and night depositories.
Processing fees on Credit Union commercial loans are typically
lower. Government loans issued through the Credit Union
have no underwriting, packaging or document preparation
fees, etc.
Become a Credit Union BusinessPartner
Deposit Accounts
- Deposit accounts include checking,
savings and money market accounts.
Loans
If you're looking for a loan term not to exceed 12 years
and have at least 20% down then you could qualify for an
"in-house" loan.
If you need a longer amortization or have less down an
SBA loan would apply.
An SBA 504 loan is for fixed asset acquisition (i.e. land,
building and equipment) only and provides the benefit of
financing a portion of the purchase at a fixed interest
rate over a 20 year period.
An SBA 7(a) loan can include other uses such as debt refinancing,
working capital, inventory, business acquisition, etc.
A B&I loan is typically a larger loan at a very low
interest rate amortized over a maximum of 30 years. USDA
(which approves the B&I loan) requires at least 10%
hard equity for an existing business and 20% for a startup.
Call and talk with an associate at 435-713-1887 or send
email to Business
Partners Associates.
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