Business Lending
Business Loans and Credit Solutions
At SECNY Federal Credit Union, we offer a range of credit lines, term loans, and commercial mortgages to help with your business financing needs.
Line of Credit
Ideal for financing short-term capital needs. Your regular business operations don't have to wait for available cash for payroll, inventory or advertising. Timing is everything in business so take advantage of SECNY’s business credit line—for financial relief when you need it most.
SECNY offers both Secured and Unsecured Lines of Credit.
Please contact us at 315-469-5599.
Business Term Loans
Used to expand your operation, finance new equipment, or make leasehold improvements. SECNY’s Business Term Loan allows you to expand your operations or finance equipment. We help you finance one-time purchases or longer-term needs.
Features:
- Fixed monthly payments help to budget your annual expenses.
- Terms range from 12 to 60 months
Mortgages
SECNY’s Owner-Occupied or Commercial Mortgages will finance the purchase, expansion, renovation or refinancing of office and retail space, industrial and multi-unit properties.
Features:
- Options of 5, 10, or 20-year terms
- 5 or 10-year re-pricing options
- A generous loan-to-value ratio of up to 75%
- Financing of properties for investment in addition to owner-occupied (51% or more) properties
Commerical or Non-Residential Mortgages
Available for expansion and improvement, refinancing of or purchasing office space.