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 Type | Annual Percentage Rate¹ (as low as) | Term Limitations | Max Amount |
|---|---|---|---|
| Residential Real Estate (non-owner occupied) 1st Lien | 4.00% | 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 Lien | 4.00% | 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 | 4.00% | 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 | 4.00% | 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) | 4.75% .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 | 4.75% .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 | 4.75% .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 Line of Credit | 6.00% | Draws limited to 1 year. Annual extension available. Requires 30 day resting period. | $100,000 revolving or term |
| Visa Platinum | 8.00% | Reviewed annually. Payment equal to 2.00% of balance calculated monthly $50 minimum payment. | $25,000 revolving |
| Share Secured | 3% above share rate | Up to 10 years depending on amount borrowed. 95% LTV 105% pledge | Up 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%