rates

Commercial Loan Rates

Choose from a full range of business loan options with flexible terms and affordable rates so you can meet your company's growing needs.

Effective 6/1/2020

Loan TypeAnnual Percentage Rate¹ (as low as)Term LimitationsMax Amount
Residential Real Estate (non-owner occupied) 1st Lien4.00%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 Lien4.00%5 years; 20 years amortization. 80% LTV lower of the cost or appraised value$2,000,000
Residential Real Construction (non-owner occupied) 1st Lien4.00%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 Lien4.00%5 years; 20 years amortization. 12 months interest only at locked rate. 80% LTV lower of the cost or appraised value$2,000,000
LandXWe do not grant land loans but will consider land as collateral. Max LTV 65%X
Commercial Vehicle (title secured)4.75% .50% for each year in excess of 5Lesser of 8 years or remaining useful life. 75% of Retail Value$200,000
Bus Loans New or Used4.75% .25% for each year in excess of 5Lesser of 8 years or remaining useful life. Case to case determination based on type of equipment. LTV 65%$110,000
Equipment4.75% .50% for each year in excess of 5Lesser of 8 years or remaining useful life. Case to case determination based on type of equipment. LTV 65%$100,000
Working Line of Credit6.00%Draws limited to 1 year. Annual extension available. Requires 30 day resting period.$100,000 revolving or term
Visa Platinum8.00%Reviewed annually. Payment equal to 2.00% of balance calculated monthly $50 minimum payment.$25,000 revolving
Share Secured3% above share rateUp to 10 years depending on amount borrowed. 95% LTV 105% pledgeUp to Share Balance

1 Stated APR is the lowest rate available for qualified members. Real Estate rates are based daily from TCM. Other rates based on Prime Rate plus a risk adjustment. Prime Rate: 5.00%