Business Equipment Loans

Get the equipment your business needs. PSECU offers low rates and loan terms up to 84 months.

Financing Guidelines

  • Up to 100% financing available.
  • Loan amounts available up to $200,000. If your needs exceed $200,000, please give us a call to see if we can help.
  • Borrower to pay all costs for filing appropriate Uniform Commercial Code form(s).

Some restrictions may apply. Speak to one of our Business Service Representatives for details.

Lien Information

The following address should be given to the dealer for listing PSECU on the title:

Pennsylvania State Employees Credit Union
P.O. Box 67013
Harrisburg, PA 17106-7013

Perfection of liens on financed equipment will be evidenced by filing the appropriate UCC-1 financing statements with the state of Pennsylvania.

Restrictions

PSECU will only finance equipment located and titled in the state of Pennsylvania. There are some transactions and equipment for which PSECU will not lend funds. PSECU reserves the right to refuse to lend upon any collateral. Before attempting to finance any equipment through PSECU, please contact Business Services at 800.237.7328 - option 6 - extension 3875, nationwide (USA) to determine if PSECU will be able to provide financing.

Information Required By PSECU

Dealer Purchase

  • Year, make, model, options, hours used and serial number of equipment being purchased.
  • Complete copy of bill of sale / invoice.

Private Party Purchase

  • Year, make, model, options, hours used and serial number of equipment being purchased.
  • Equipment Owner's Agreement
    Use this form for a private party equipment purchase between seller(s) of Equipment and Purchaser(s) of Equipment Being Financed Through PSECU.

Lease Buyouts

  • Year, make, model, options, hours used and serial number of equipment being purchased.
  • Name, address and telephone number of present lending institution.
  • Account number and buyout of existing lease.
  • Account number and payoff of existing loan.
  • Copy of bill of sale / invoice for equipment purchased within the past 90 days).

Refinance of Existing PSECU Equipment Loan

  • Year, make, model, options, hours used and serial number of equipment being refinanced.
  • To refinance an existing equipment loan, you are required to borrow an additional $1,000 on top of your current payoff.

Rollover from Another Financial Institution

  • Year, make, model, options, hours used and serial number of equipment being financed.
  • Name, address and telephone number of present lending institution.
  • Account number and payoff amount from present lending institution.
  • Copy of bill of sale or invoice for equipment purchased within the past 90 days).

Member-Owned Vehicles/Equipment

  • Year, make, model, options, hours used and serial number of equipment being financed.

Rates valid as of 3/27/2017 12:27 PM

Description Term APR*
New / Used Equipment 12 - 36 Months 2.74%
New / Used Equipment 37 - 60 Months 3.74%
New / Used Equipment 61 - 72 1 Months 4.24%
New / Used Equipment 73 - 84 2 Months 4.24%
*APR denotes Annual Percentage Rate

1 = Minimum amount financed must be at least $12,000;
2 = Minimum amount financed must be at least $20,000.

Important: PSECU will not finance equipment with flood, theft, or salvage history.

Business loans are available to businesses located within the State of Pennsylvania ONLY.

Rates listed are for Sole Proprietorships. General Partnerships, Corporate, LLC, and Limited Partnership equipment loans may vary between 2.99% and 5.49% APR depending on information provided by the applicant, an evaluation of credit, term selection and type of equipment purchased.