Business/Commercial Lending
Business loans are now available at ICCU. Whether you are just starting a new business or you are strengthening an established one, we have the solutions you need to make your venture a success. Our commercial lending program offers a variety of benefits to help drive your business.
To learn more, contact Jim McClain at: (989)773-5927, ext. 230 or jmcclain@iccuonline.com
Commercial Real Estate Mortgage: For homes, commercial buildings, and investment properties.
• up to 80% financing of the appraised value / purchase price
• terms up to 15 years, based on a 5 year balloon
• competitive interest rates
Applicable closing costs will apply.
Secured Closed-End Loans: For the purchase of business related vehicles and equipment.
• may require a 20% down payment
• terms up to 84 months or longer with a balloon option available
• competitive interest rates
Applicable processing costs may apply.
Secured Business Line of Credit: For larger business related aquisitions or purchases, secured by real estate.
• line of credit $20,000 or higher
• variable interest rate
• convenience of a VISA credit card
Applicable processing costs will apply.
Business VISA Card: For everyday or unexpected business expenses.
• credit limits of $1,000 to $20,000
• variable interest rate
• free transaction history with It'sMe247
Applicable processing costs will apply.
