How to Get Started
Finance your next opportunity with PSECU. We offer Pennsylvania businesses loans with low rates, low or no fees, and flexible terms, so you can move your ideas and ambition forward with confidence.
Become a PSECU Member
Before you get started, you’ll need to join our credit union. Membership gives you access to the perks of a credit union:
- Competitive rates
- Low fees
- Personalized service
Ready to join? Let’s get started.
Open Your Business Account
Once you're a member, opening your business account is the next step toward managing day‑to‑day finances and preparing for growth. Business accounts are available to businesses domestically registered in Pennsylvania.
Apply for Your Business Loan
Explore our business loan options and see what you need to apply. Whether you're funding a new idea or moving an existing one forward, we're here to help you take the next step.
-
Become a PSECU Member
Before you get started, you’ll need to join our credit union. Membership gives you access to the perks of a credit union:
- Competitive rates
- Low fees
- Personalized service
Ready to join? Let’s get started.
-
Open Your Business Account
Once you're a member, opening your business account is the next step toward managing day‑to‑day finances and preparing for growth. Business accounts are available to businesses domestically registered in Pennsylvania.
-
Apply for Your Business Loan
Explore our business loan options and see what you need to apply. Whether you're funding a new idea or moving an existing one forward, we're here to help you take the next step.
What You'll Need to Apply for a Business Loan
Having this information ready can help your application process go smoothly.
Primary Applicant Information
(That’s the person applying for the loan.)
- Full name
- Title or role within the business
- Social Security number (SSN)
- Date of birth
- Home address
- Email address
Beneficial Ownership Information
(Required for the individual opening the account and anyone who owns 25% or more of the business.)
- Full name
- Social Security number (SSN)
- Date of birth
- Home address
Business Information
(Tells us more about how your business operates.)
- Year the business was registered
- Business address
- Annual revenue
- Number of employees
Quick Tip: You don’t need to have this all memorized, but having these details handy before you start can save time and keep things moving.
Business Loan Financing Options
Fund inventory, seasonal cash flow, unexpected savings opportunities, or other short-term needs. Lines offer $5,000 - $50,000 in credit, with interest paid monthly and principal due on demand. Lines of Credit are subject to annual reviews.
Unsecured line of credit1:
- No collateral required
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 $250,000, if qualified
If your equipment loan needs exceed $250,000, 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).
Some restrictions apply. See lien information, restrictions, and information required by PSECU.
When your business needs wheels, we can help. We offer low rates and terms as long as seven years. Maximum loan amount is $250,000. Pennsylvania businesses can choose:
- Business vehicle financing for new or used business cars, vans, and light-duty trucks, including commercial vehicles
- Lease buyouts
- Refinancing
What You'll Need to
Apply for a Business Loan
Having this information ready can help your application process go smoothly.
-
(That's the person applying for the loan.)
- Full name
- Title or role within the business
- Social Security number (SSN)
- Date of birth
- Home address
- Email address
-
(Required for the individual opening the account and anyone who owns 25% or more of the business.)
- Full name
- Social Security number (SSN)
- Date of birth
- Home address
-
(Tells us more about how your business operates.)
- Tax ID number
- PSECU business account number
- Year the business was registered (Must have been registered for at least 1 year)
- Business address
- Annual revenue
- Number of employees
- Minimum of 12 months' business bank statements
Set up your company to accept all major credit cards, as well as debit and ATM cards for customer payments through our partner, Newtek Business Services, Inc.
Small Business Loans
Small Business Administration (SBA) loans by Newtek™ offer loan amounts up to $2 million, longer repayment terms, competitive rates, no balloon payments, and more. SBA loans offer financing to:
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Establish a new business, acquire 100% of an existing business, assist in business operation or expansion, or pay franchise fees.
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Pay salaries and vendors, purchase inventory, advertise, finance receivables, pay bookkeeping and legal fees, or rent office space.
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Purchase office equipment, computers, furniture, fixtures, manufacturing equipment, or heavy machinery.
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Purchase or construct buildings, make leasehold improvements, expand or renovate facilities, or buy land.
1Unsecured lines of credit: The interest rate may vary monthly and the interest rate assigned may vary from 5.00% to 11.25% added to the prime rate as published in the last issue of 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 domestically registered in Pennsylvania ONLY.