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.
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.
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.
Speak with our Business Services Department today!