Business Secured Term Loan

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Description

Term loans are great for financing a practice, purchasing equipment, or even buying a new or used vehicle for a business. MSUFCU Term Loans can be fixed or variable-rate.

Benefits of a Term Loan

• Principal and interest payments
• No application fee, and no prepayment penalties
• 24/7 account access
• Secured/Unsecured Lines of Credit
• 12 and 24 month term options

Variable-Rate

Let the Variable Rate Term Loan work to your advantage when the Prime Rate drops. Payments are reamortized when the Prime Rate changes, which could result in a lower monthly payment. Secure your loan with readily marketable collateral, machinery, equipment, fixtures or real estate.

This loan features a variable-rate tied to the Wall Street Journal's Prime Rate plus a margin as determined by the Business Lending Committee.

Fixed Term

Know exactly how much you will pay monthly and at what interest rate for a particular piece of equipment, new location, or extra cash with MSUFCU's Business Secured Fixed-Rate Term Loan. Secure your loan with readily marketable collateral, machinery, equipment, fixtures or real estate.

This loan features a fixed-rate for the term of the loan determined by the Business Lending Committee.

How to Apply

Print, complete, and mail your application and all supporting materials to:

Business Lending
Michigan State University Federal Credit Union
3777 West Road
East Lansing, MI
48826-1208

Disclosures

Business Loans are only available to Michigan businesses.

Business Account Terms and Conditions

Business Account Fee Schedule

MSU Federal Credit Union savings are Federally insured to at least $250,000 by the and backed by the full faith and credit of the United States Government. APR = Annual Percentage Rate. APY = Annual Percentage Yield. and read our disclaimer regarding links to other sites.

Your Wallet

Business Secured Term Loan