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Apply for a term loan.
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- 717.234.8484
- 800.237.7328
Secured Term Loan
Provide your business with funds for expansion projects, repairs and/or business debt consolidation with the convenience of predictable repayment terms over a fixed period of time.
- Low rates
- Terms of 5 or 10 years
- Payment amortizations of 10 or 20 years
- No pre-payment penalties
Types of Properties
Acceptable
- Owner occupied 1,2,3 or 4-unit properties
- Condominiums or townhouses
- Vacation homes that are used primarily by the member
- Doublewide mobile homes built after June 1976, on permanent foundation, title retired
- Investment property
Unacceptable
- Commercial properties
- Properties with cesspools, cisterns, spring water
- Properties with gravity heat
- Properties located in an industrial or commercially zoned area
- Properties with agricultural use
- Time-share properties
- Singlewide mobile homes
- Properties owned by a trust as identified on the deed.
Collateral is required. This is a closed-end loan. Borrow up to 80% of the appraised value, less any liens on the property being mortgaged. PSECU must be no less than second lien holder. Minimum loan amount $5,000. There is a 5-year term maximum for loan amounts of $50,000 and less and 10-year term maximum for loan amounts of $50,001 to $100,000. Business Term Real Estate Equity loans may be refinanced for additional funds of $5,000 or more. At the end of the fixed term, the balance will be due or may be refinanced. In Pennsylvania ONLY, a currently-owned residence or vacation home (used primarily by the member) may be used as collateral. Please seek the advice of a qualified tax professional to determine if the interest is tax deductible.
Unsecured Term Loan
Provide your business with funds for expansion projects, repairs and/or debt consolidation with the convenience of predictable repayment terms over a fixed period of time.
- Low rates
- Terms as low as 5 years
- Payment amortizations up to 10 years
- No pre-payment penalties
No collateral required. This is a closed-end loan. Minimum loan amount $5,000. Five-year term maximum for a maximum loan amount up to $50,000. At the end of the fixed term, the balance will be due or may be refinanced. Please seek the advice of a qualified tax professional to determine if the interest is tax deductible.