Business Lending
Give your business what it needs, when it needs it.
Loans For Your Business
HFCU believes in providing opportunities for all of our members. As such, we strive to provide all of our business members with opportunities to best support their business needs. From commercial mortgages and lines of credit, to all of the loans in between, our business lending portfolio is here to support the growth of your business.
Commercial Mortgages
When your business needs a new space, we have you covered.
Construction Mortgages
From expansion to simply upgrading a space, we have your back.
Business Term Loans
Get the funds your business needs now, to pay back later.
Letter of Credit
Feel confident when buyers and sellers agree to cover each other’s backs.
Business Line of Credit
Allow your business the flexibility to spend when it needs to.
Business Overdraft
We have your business covered, even in hard times.
Business Credit Cards
Feel confident making purchases with card options that suit your business.
Commercial Mortgages
Commercial mortgages let business owners borrow money needed to buy property or land for their business. The money is borrowed and is repaid in monthly installments, along with interest.
Commercial mortgages tend to work on a case-by-case basis and our Commercial Lending Team is here to support you from start to finish. To inquire about this type of commercial loan, stop into your local branch or call us at 845-561-5607.
Construction Mortgages
A commercial construction loan is a kind of commercial loan that helps your company cover the costs associated with building or renovating structures. To inquire about this type of commercial loan, stop into your local branch or call us at 845-561-5607.
Business Term Loan
A business term loan is a lump sum of money you borrow from HFCU, then pay back at fixed intervals — with interest — over a set period of time. Our business term loans can provide your business with lower interest rates, more cash flow flexibility, set payment structures, simplified application process and potential tax benefits and positive impacts to your business’s credit score. To inquire about this type of commercial loan, stop into your local branch or call us at 845-561-5607.
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Letter of Credit
A commercial letter of credit is a document issued by HFCU to guarantee payment for goods or services for a seller and is issued on behalf of the company buying the supplies. To inquire about this type of commercial loan, stop into your local branch or call us at 845-561-5607.
Business Line of Credit
A business line of credit is a flexible business loan where borrowers are approved up to a certain amount and can draw on their line of credit as needed, paying interest only on the amount actively borrowed. Funds are typically accessible through a business checking account or mobile app. To inquire about this type of commercial loan, stop into your local branch or call us at 845-561-5607.
Business Overdraft
An overdraft is an agreement that allows your business to keep making payments by advancing your business money from the Business Line of Credit. It can be a useful form of short-term business funding that is linked directly to the business checking account. This loan is subject credit union underwriting guidelines and approval. To inquire about this type of commercial loan, stop into your local branch or call us at 845-561-5607.