Loans to Grow Your Business

You started your business for a reason. You serve your customers, contribute to your community, provide valuable services, and ultimately build a better life.

How to get started

At PSECU, our purpose is to help people live a better life. We provide loans with low interest rates, low or no fees, and workable term options to Pennsylvania businesses – all to help you finance opportunities.

step1

Become a PSECU member

Before you continue, you must first be a PSECU member. If you're not a PSECU member, join us.

step2

Apply for a business account

Business accounts are available only to businesses located in Pennsylvania. Open an account.

step3

Apply for your business loan

Learn about our business loan options below

Small Business Loans


Small Business Administration (SBA) loans by Newtek™ offer financing to:

  • Fund your business: Establish a new business, acquire 100% of an existing business, assist in business operation or expansion, or pay franchise fees.
  • Finance business expenses: Pay salaries and vendors, purchase inventory, advertise, finance receivables, pay bookkeeping and legal fees, or rent office space.
  • Purchase equipment: Purchase office equipment, computers, furniture, fixtures, manufacturing equipment, or heavy machinery.
  • Purchase or improve owner-occupied real estate: Purchase or construct buildings, make leasehold improvements, expand or renovate facilities, or buy land.1

SBA loan benefits include:
  • Loan amounts up to $2 million
  • Competitive rates that vary with prime rate
  • Longer repayment terms
  • No balloon payments
  • Easy application process
Newtek Business Services, Inc., is not an affiliate company of PSECU.
Get started

For questions, call PSECU Business Services at 800.237.7328, ext. 3875.

Apply for a Business Loan


Sole Proprietorship
General Partnership, Limited Partnership or Limited Liability Company (LLC)
Corporation

Lines of credit


Fund inventory, seasonal cash flow, unexpected savings opportunities, or other short-term needs. Lines offer $5,000 to $50,000 in credit, with interest and principal paid monthly.

  • Unsecured line of credit2
    • No collateral required 
    • 5-year advance period and a 10-year repayment term from the date of the last advance
  • Secured line of credit3: Use real estate as collateral, with a 5-year advance period and a 10-year repayment term from the date of the last advance. Eligible properties include: 
    • Currently owned one-, two-, three-, or four-unit properties
    • Condominiums or townhouses
    • Vacation homes
    • Double-wide mobile homes built after June 1976, on permanent foundation, title retired
    • One- to four-unit investment (rental) property
    • Agricultural or mixed-use properties

Ineligible properties include:

  • Those with cesspools, cisterns, spring water, or gravity heat
  • Those located in an industrial or commercial zoned area
  • Time-share properties
  • Single-wide mobile homes
  • Those owned by a trust as identified on the deed
  • Those with gas/oil wells or coal mines

Equipment Loans


Equipment loans can help you secure the equipment your business needs, with: 

  • Low rates
  • Loan terms up to 84 months
  • Up to 100% financing available
  • Loan amounts available up to $200,000, if qualified

If your equipment loan needs exceed $200,000, please contact us to see if we can help. For all equipment loans, business borrowers pay all costs for filing the appropriate Uniform Commercial Code (UCC) form(s).

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Some restrictions apply. See lien information, restrictions, and information required by PSECU.

Business Vehicles


When your business needs wheels, we can help. We offer low rates and terms as long as seven years. Pennsylvania businesses can choose:

  • Business vehicle financing for new or used business cars, vans, and light-duty trucks, including commercial vehicles
  • Lease buyouts
  • Refinancing

Loan approvals are valid for 60 days. For 61- to 72-month loans, the minimum amount financed must be at least $12,000. For 73- to 84-month loans, the minimum amount financed must be at least $20,000.

Term Loans


Term loans provide cash for business expansion, repairs, or debt consolidation. You’ll benefit from the convenience of predictable repayment terms over a fixed period.

Our term loans have low rates and no prepayment penalties. Unsecured loans offer a fixed 5-year term.4 Secured loans have the option of a 5-year or 10-year term.5

Secured term loans: Use real estate as collateral to secure your term loan. Eligible properties include:

  • Currently owned one-, two-, three-, or four-unit properties
  • Double-wide mobile homes built after June 1976, on permanent foundation, title retired
  • Condominiums or townhouses
  • Vacation homes
  • Agricultural or mixed-use properties

Ineligible properties include:

  • Those with cesspools, cisterns, spring water, or gravity heat
  • Those located in an industrial or commercial zoned area
  • Those owned by a trust as identified on the deed
  • Time-share properties
  • Those with gas/oil wells or coal mines
  • Single-wide mobile homes


1 If purchasing, owner must occupy at least 51% of the real estate; if constructing, owner must occupy at least 67%.

2 Unsecured lines of credit: Important Information About Business Lines of Credit: For Sole Proprietors, the interest rate may vary monthly and the interest rate assigned may vary from 0% to 0.5% added to the prime rate as published in the Wall Street Journal on the last day of the month prior to the most recent full calendar month. For LLCs, Corporations, and Limited Partnerships, the interest rate may vary monthly and the interest rate assigned will vary from 0.5% to 1.5% added to the prime rate as published in the Wall Street Journal on the last day of the month prior to the most recent full calendar month. The maximum Annual Percentage Rate is 18%. The minimum Annual Percentage Rate is 3%.

PSECU requires a payment each month a payment is due. The due date for lines of credit is the 16th of the month.

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

3 Secured lines of credit: Collateral is required. This is an open-end loan. Borrower may pay costs for third-party verifications as necessary. LINES 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 line amount $5,000. Interest and principal payments required. Check with a qualified tax advisor to determine if the interest may be tax deductible. LINES IN BUSINESS NAME: 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 line amount $5,000. Interest and principal payments required. Check with a qualified tax advisor to determine if the interest may be tax deductible.

4 Unsecured term loans: 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.

5 Secured term loans: 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- to 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.

Have questions?

Please contact Business Services at 800.237.7328, extension 3875
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