Commercial Loans

To make your business plans come to life, you likely need a smart financing option ready immediately. That's where we come in. We're invested in the success of your Delaware or Maryland business and offer multiple lending options to propel you toward your goals.

A financial boost for your growing business

Choose from a full range of commercial loan options with flexible terms and affordable rates so you can meet your company's growing needs. We're experts in the local marketplace and provide immediate access to funds through a lending program that's uniquely tailored to you. Whatever you want to achieve, we'll help you get there:

Commercial Real Estate Products

  • Residential Non Owner Occupied First Mortgages. Loans up to $1,000,000. 80% loan to value. Ten year term, five year fixed rates with a five year adjustment period. Would consider up to twenty-five year amortization. 1% origination fee or a minimum of $1,000.00. No prepayment penalty.
  • Residential Non Owner Occupied Construction Mortgages. Loans up to $1,000,000. 80% loan to value. Term of nine months. Interest only based monthly based on the current outstanding balance. 2% origination fee or a minimum of $3,000.00
  • Investment Commercial Real Estate Mortgages. (Owner and Non Owner Occupied). Loans up to $2,000,000. 80% loan to value. Ten year term, five year fixed rate with a five-year adjustment period. Would consider up to a twenty-five year amortization. 1% origination fee. No prepayment penalty.
  • Commercial Construction Mortgages. Loans up to $2,000,000. 75% loan to value. Term of twelve months. Interest only monthly based on the current outstanding balance. 2% origination fee or a minimum of $3,000.00.
  • Commercial Construction (Spec Homes Single Family). Loans up to $550,000. 65% loan to value. Term up to 18 months. Interest only monthly based on the current outstanding balance. 2% origination fee or a minimum of $3,000.00.

Commercial Loan Products

  • Commercial Vehicle Loans.  Loans up to $200,000. 75% of Retail Value (NADA Vehicle or Commercial Trust Guide). Term, lesser of eight years or the remaining useful life. Fixed rate financing available based on the term of the financing. The fee will be .25% to .50% or a minimum of $350.00.
  • Commercial Equipment Loans. Loans up to 100,000. 65% loan to value. Term, lesser of eight years or the remaining useful life.  Fixed rate financing available depending on the term of the financing. The fee is be .25% to .50% or a minimum of $350.00.
  • Irrevocable Letters of Credit. One year term. Fully secured by cash to be held at the credit union until the beneficiary releases the letter of credit. Fee of $250.00 per disbursement.
  • School bus loans. Loans up to $110,000. Will consider financing up to 100%. Term of up to 72 months with summer skip payments (10 payments per year instead of 12 payments. Fixed rate financing is available depending on the term of the financing.
  • Commercial working capital lines of credit up to $100,000.00. Term will be one year, a thirty day clean-up will be required during that one year period. Interest only monthly based on the current outstanding balance. Origination fee $250.00.
  • Commercial credit cards (Visa Platinum) Credit limits up to $25,000.00. Payments are equal 2% of the balance calculated monthly, minimum payment of $50.00. Origination fee $150.00.
  • Shared Secured Loan amounts up to 95% of the balance held in prime share account. Term of up to ten years depending on the amount borrowed.

When you're ready to apply for a commercial loan, email your documents to our Business Services Department at BusinessServices@tidemarkfcu.org or call 302-629-0100, ext. 148.