PennEast Federal Credit Union




	In order to survive, businesses must provide quality products and service to their customers. Penn East FCU can help you get there by providing the financial means. Commercial Mortgages Provides a specific amount of credit to purchase a commercial building. The loan is paid based on a pre-determined schedule or monthly principal and interest payments. Loan is secured by commercial property/building acquired. Term Loans Provides a specific amount of credit to purchase assets or meet specific financing need. The loan is paid based on a predetermined schedule or monthly principal and interest payments. Loans can be unsecured, or secured by fixed asset collateral. Interest rates are generally fixed for the life of the loan. Lines of Credit Are flexible borrowing instruments used to finance periodic borrowing needs without reapplying each time. Borrow against a line of credit up to your credit limit and pay it back as frequently as needed. Lines of credit can be unsecured or secured by collateral ranging from accounts receivable to real estate. Payments are typically interest only. Business Credit Cards Provides a business with immediate access to short-term revolving credit that is readily accepted by millions of vendors worldwide. Credit card balances can be paid off in full each month, or paid over time based on the outstanding balance. Credit cards also can be used by authorized employees for travel, entertainment or smaller business purchases. Interested in applying? Penn East FCU will need: Personal Financial Statement of Business Owner(s)/Principal(s) Three (3) years Federal Tax Returns of Business Owner(s)/Principal(s) including all schedules Three (3) years Federal Tax Returns of Business Three (3) years Account Prepared Statements of Business, if applicable List of Business debt obligations including payment & collateral Collateral to be pledged Speak with our Business Services Department today! Contact Tom Wasilewski, Vice President of Lending at 342-2720 ext. 260 or stop into the Clarks Summit office located at 1070 Northern Boulevard.