Equipment Loan

An equipment loan can help you secure the equipment your business needs.

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).

Before attempting to finance any equipment, or a business or commercial vehicle, through PSECU, please contact Business Services at 800.237.7328, extension 3875, nationwide (USA) to determine if PSECU will be able to provide financing.

Call us

Lien Information

To list PSECU on a vehicle or equipment title, please give the following address to the dealer:

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 on Business Liens

PSECU will only finance vehicles or equipment located and titled in the state of Pennsylvania. There are some transactions and vehicles or equipment for which PSECU will not lend funds. PSECU reserves the right to refuse to lend upon any collateral.

Equipment and Vehicles: Information Required By PSECU

Equipment:

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

Vehicles:

Year, make, model, options, and VIN of vehicle being purchased
Complete copy of bill of sale
Copy of window sticker for new vehicles

Equipment:

Year, make, model, options, hours used, and serial number of equipment being purchased
A completed Equipment Owner's Agreement form for a private-party equipment purchase between seller(s) of equipment and purchaser(s) of equipment being financed through PSECU

Vehicles:

Year, make, model, mileage, options, and VIN of vehicle being purchased
Complete copy of vehicle registration card, including both sections with vehicle information and owner's signature

Equipment:

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 or payoff of existing lease or loan
Copy of bill of sale or invoice for equipment purchased within the past 90 days

Vehicles:

Year, make, model, mileage, options, and VIN of vehicle being purchased
Name, address, and telephone number of present lending institution
Account number and buyout or payoff of existing lease

Equipment:

Year, make, model, options, hours used, and serial number of equipment being refinanced
$1,000 addition to the existing loan balance required

Vehicles:

Year, make, model, options, mileage, and VIN of vehicle being purchased
Original title held by PSECU
$1,000 addition to the existing loan balance required

Equipment:

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

New vehicles (purchased within 90 days):

Year, make, model, mileage, options, and VIN of vehicle being purchased
Name, address, and telephone number of present lending institution
Account number and payoff of existing loan
Copy of bill of sale and window sticker

Used vehicles:

Year, make, model, mileage, options, and VIN of vehicle being purchased
Name, address, and telephone number of present lending institution
Account number and payoff of existing loan

Equipment:

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

Vehicles:

Year, make, model, options, mileage, and VIN of vehicle currently owned
Original title