Commercial Loans Rates
Empowering Your Business with
Customized Commercial Loans
Effective: 10/07/2024
| Loan Type | ANNUAL PERCENTAGE RATE (AS LOW AS) | Term Limitations |
Amount |
| Residential Real Estate (non-owner occupied) 1st Lien | 6.25% | 5 years; 20 years amortization. Single or multi-family (up to 4 units) 80% LTV lower of the cost or appraised value | $1,000,000 |
| Commercial Real Estate 1st Lien | 7.00% | 5 years; 20 years amortization. 80% LTV lower of the cost or appraised value | $2,000,000 |
| Residential Real Construction (non-owner occupied) 1st Lien | 7.00% | 5 years; 20 years amortization. 9 months interest only at locked rate. 80% LTV lower of the cost or appraised value | $1,000,000 |
| Commercial Construction 1st Lien | 7.00% |
5 years; 20 years amortization. 12 months interest only at locked rate. 80% LTV lower of the cost or appraised value |
$2,000,000 |
| Land | X |
We do not grant land loans but will consider land as collateral. Max LTV 65% |
X |
| Commercial Vehicle (title secured) | 7.25% .50% for each year in excess of 5 |
Lesser of 8 years or remaining useful life. 75% of Retail Value |
$200,000 |
| Bus Loans New or Used | 7.25% .25% for each year in excess of 5 |
Lesser of 8 years or remaining useful life. Case to case determination based on type of equipment. LTV 65% |
$110,000 |
| Equipment | 7.25% .50% for each year in excess of 5 |
Lesser of 8 years or remaining useful life. Case to case determination based on type of equipment. LTV 65% |
$100,000 |
| Working Capital Line of Credit | Prime+2% floating |
Draws limited to 1 year. Annual extension available. Requires 30 day resting period. |
$100,000 revolving or term |
| Visa Platinum | 11.50% |
Reviewed annually. Payment equal to 2.00% of balance calculated monthly $50 minimum payment. |
$25,000 revolving |
| Share Secured | 3.00% above share rate |
Up to 10 years depending on amount borrowed. 95% LTV 105% pledge |
Up to Share Balance |
| Loan Type |
ANNUAL PERCENTAGE RATE (AS LOW AS) |
Term Limitations |
Amount |
| Residential Real Estate (non-owner occupied) 1st Lien | |||
| Commercial Real Estate 1st Lien | |||
| Residential Real Construction (non-owner occupied) 1st Lien | |||
| Commercial Construction 1st Lien | |||
| Land | |||
| Commercial Vehicle (title secured) | |||
| Bus Loans New or Used | |||
| Equipment | |||
| Working Capital Line of Credit | |||
| Visa Platinum | |||
| Share Secured |
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Instead of being covered under FDIC, your deposits are covered under the National Credit Union Administration (NCUA), which insures deposits up to $250,000, the same amount as the FDIC. It’s a different name but the same function.
