Equipment Loan

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

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Loan terms up to 84 months

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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.
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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