* Business equipment loans are only available for equipment in the United States. Loans up to $25,000 may not be required to be secured; loans greater than $25,000 are required to be secured. Loans are secured by a UCC-1 Financing Statement.
† Equipment value is determined by reviewing the purchase agreement, or by other means using comparable values.
‡ Business members can redeem MyPlus Rewards points to get a lower rate on Business Vehicle and Equipment loans.
1 We require at least two years of Business and Personal tax returns for both Federal and State, including all schedules and worksheets. In some situations we may require three years of tax returns.
2 Depending upon your specific situation, we may also require the following: (1) Personal Financial Statement; (2) Business Financial Statements; and (3) Purchase Agreement for vehicle and equipment loan requests. The member advisor handling your loan request will let you know what additional documentation you'll need to provide.