Business Loan Comparison
Look at the chart below to find exactly the loan your small business needs. All Eastern business and commercial mortgage loans come standard with:
- Personalized service: you're a member, not a number
- Competitive rates, flexible terms
- Low costs: never a pre-payment penalty
- Credit limits to serve your needs
- Easy application: just click "Apply Now," fill out the loan application, then mail it in or drop by any of convenient locations.
Questions? Send us an email to businessloans@enyfcu.org
| Business Line of Credit |
Business Term Loan |
Business Equipment Loan |
Business Vehicle Loan |
Business Real Estate Loan |
Business Investment Property |
|
|---|---|---|---|---|---|---|
| Apply now! | Apply now! | Apply now! | Apply now! | Apply now! | Apply now! | |
| Best for: | Supplement cash flow for business expansion or other expenses | Money for leasehold improvements, working capital, or to buy or expand a business | Financing for business equipment | Financing for business vehicles | Purchase or refinance multi-family residential property1, from one to four family units | Purchase or refinance offices, commercial rentals or apartment complexes1 |
| Credit Amount: | $10,000 - $50,000 | $25,000 - $250,000 | $10,000 - $50,000 | $10,000 - $50,000 | $50,000 - $500,000 (up to 75% of the property value) | $50,000 - $750,000 (up to 75% of the property value) |
| Collateral: | None | Varies | Equipment purchased with the loan | Vehicle purchased with the loan | Business Property2 (No second homes) | Investment property valued up to $1 million2 |
| Apply now! | Apply now! | Apply now! | Apply now! | Apply now! | Apply now! |
(1) Real estate loans only available in New York
(2) Most property types are eligible. If certain environmental hazards are present, environmental hazard insurance may be required to obtain credit. Certain residential properties are not eligible. Please contact us for details.
Some Eastern members may not qualify for loans through the Business Lending Center if their business is too young or because of the type of business. For them, home equity loans have always been a popular financing option. Click here to learn more.
