Business Term Loan
Your Business Term Loan from Belco Community Credit Union can provide you with the funds you need to:
- Purchase new equipment to enhance your business operations
- Expand or start a new business line
- Repay an investor
- Renovate your facilities
- Refinance business debt into one more manageable loan
- Simply add additional long term working capital
Your Belco Business Term Loan is usually written at a fixed rate of interest and requires a regular monthly payment of principal and interest. These loans may be approved for terms up to ten (10) years, but terms usually will be restricted to the useful life of the collateral.
You may use the convenience of your own computer in the comfort of your office or home to transfer funds from your Belco Business Checking Account to make monthly payments on your Belco Business Term Loan using Money Manager. Or, you may request automatic monthly payments from your Belco Business Checking Account to your Belco Business Term Loan.
Speak to us today about customizing a Belco Business Term Loan for you.