Business Term Loans

With Secured and Unsecured Term Loans, you can get the cash your business needs for expansion projects, repairs and/or business debt consolidation with the convenience of predictable repayment terms over a fixed period of time.

Secured Term Loan

  • Low rates
  • NO prepayment penalties
  • A fixed 5-year term or a fixed 10-year term are available

Property Type - Acceptable

  • Owner occupied 1, 2, 3 or 4-unit properties
  • Doublewide mobile homes built after June 1976, on a permanent foundation, title retired
  • Condominiums or townhouses
  • Vacation homes or investment property (1-4 units)
  • Agricultural properties
  • Mixed-use properties

Property Type - Unacceptable

  • Properties with cesspools, cisterns, spring water
  • Properties located in an industrial or commercially zoned area
  • Properties with gravity heat
  • Properties owned by a trust as identified on the deed
  • Time-share properties
  • Properties with gas/oil well or coal mining
  • Singlewide mobile homes

Collateral is required. This is a closed-end loan. Borrower may pay costs for third party verifications. LOANS IN PERSONAL NAME(S): Borrow up to 80% of the appraised value, less any liens on the property being mortgaged. PSECU must be first or 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 or more. Existing PSECU Secured Business Term loans may be refinanced for additional funds of $5,000 or more. A current personally titled residence, vacation home or investment (rental) property that is located within Pennsylvania may be used as collateral. Check with a qualified tax advisor to determine if the interest may be tax deductible. LOANS IN A BUSINESS NAME(S): Borrow up to 80% of the appraised value on loan amounts from $5,000 to $100,000. Borrow up to 70% of the appraised value on loan amounts greater than $100,000. PSECU must be first 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 greater than $50,000. Existing PSECU Secured Business Term loans may be refinanced for additional funds of $5,000 or more. A current residence, vacation home, 1-4 unit investment (rental) property, mixed-use property or agricultural property that is located within Pennsylvania may be used as collateral. Check with a qualified tax advisor to determine if the interest may be deductible.

Unsecured Term Loan

  • Low rates
  • NO prepayment penalties
  • A fixed 5-year term is available

No collateral required. This is a closed-end loan. Minimum loan amount $5,000. Maximum repayment term for initial loans is 5 years. Maximum initial loan amount is $50,000. Check with a qualified tax advisor to determine if the interest may be tax deductible.