Sandhills Credit Union offers a variety of Commercial and Agricultural lending products.
- Operating Lines of Credit
- Equipment and Inventory Financing
- Conventional First and Second Mortgages
- Small Business Loans
Rates, security and repayment terms are all subject to change, and should be discussed with a Lending Services Representative.
Small Business Loans
Also known as SBLs, these are part of a federal loan program that are available to proprietors of business enterprises for the purpose of the establishment, expansion, modernization and improvement of small business enterprises. This encompasses equipment loans, premises loans, and land loans. The major benefits to the member include:
- Maximum amortization of 10 years.
- Only 10% down payment required.
SBLs are available with either a fixed or variable rate. Repayment and prepayment terms are similar to that under other Sandhills Credit Union loan programs.
As with any other commercial loan, there are a number of considerations when granting loans for commercial needs. The Small Business Loan program is one lending tool that is available from Sandhills Credit Union that may be suitable for a commercial borrower’s needs.