RCU Business Loans & Lines of Credit
| Product | Interest Rates | Fees | Maturity/ Amortization |
|---|---|---|---|
| Commercial Real Estate Loans (up to 75% Loan to Value subject to appraisal) | Fixed rates based on the 5 Year Constant Maturity Treasury Index plus margin. | Up to 1.00% of loan amount plus out of pocket costs. | Up to 15 years / Up to 25 years |
| SBA Commercial Real Estate Loans (up to 90% Loan to Value subject to appraisal) | Floating and fixed rates based on the Prime Rate plus margin. | Up to 2.75% of loan amount plus out of pocket costs. | Up to 25 years / Up to 25 years |
| SBA 7(a) Loans (Equipment & Bus. Expansion) | Floating rate based on the Prime Rate plus margin. | Up to 2.75% of loan amount. | Up to 10 years / Up to 10 years |
| Business Auto Loans Under $50,000 |
Fixed rates based on Consumer Auto Loan Rate + 1.5% |
No Fee | Up to 7 years |
| Unsecured Term Loans Under $50,000 | Floating rate based on the Prime Rate plus a margin of up to 4.00%. | No Fee | Up to 5 years |
| Unsecured Lines of Credit Under $50,000 | Floating rate based on the Prime Rate plus a margin of up to 5.00%. | No Fee | Up to 5 years |
*Prime Lending Rate is as of 5/04/2023 as published in the Wall Street Journal.