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.

Explore Loan Options

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.
  • Step #1: Become a PSECU member: Before you continue, you must first be a PSECU member. If you're not a PSECU member, join us.
  • Step #2: Apply for a business account: Business accounts are available only to businesses located in Pennsylvania. Open an account.
  • Step #3: Apply for your business loan: Learn about our business loan options and apply below.
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Apply for a Business Loan

 

For questions, call PSECU Business Services at 800.237.7328, ext. 3875.
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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 credit1:

  • No collateral required
  • 5-year advance period and a 10-year repayment term from the date of the last advance
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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).

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

Learn More About Equipment Loans
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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.

Learn More About Business Vehicles
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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 unsecured term loans have low rates, no prepayment penalties, and offer a fixed 5-year term.2

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 or Improve Owner-Occupied Real Estate
Purchase or construct buildings, make leasehold improvements, expand or renovate facilities, or buy land. 3
Purchase Equipment
Purchase office equipment,
computers, furniture, fixtures, manufacturing equipment, or heavy machinery.
Newtek Business Services, Inc. is not an affiliate company of PSECU.

Benefits

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
  • Friendly, knowledgeable service

Browse Helpful Resources

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Have Questions?

Please contact Business Services at 800.237.7328, extension 3875.

Call Us Today
1Unsecured 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.

2Unsecured 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.

3If purchasing, owner must occupy at least 51% of the real estate; if constructing, owner must occupy at least 67%.