The purpose of this type of loan/line is to assist the small businesses in financing equipment or other business needs at low rates. The total of all of your loans cannot exceed $49,999.
Business Lines of Credit
You can take out a line of credit to access money as you need it for business expenses. The Business Line of Credit can be tied to your Business Checking Account for overdraft purposes. The line of credit has a variable rate that adjusts with the Prime Rate as published in the Wall Street Journal. Click here for current rates
Business Installment Loan or Car Loan
You can take out an installment loan to buy a car or other equipment or purposes. Your annual percentage rate will be fixed and have a maximum term of 84 months. 50% Annual Percentage Rate discount on vehicle and personal loans (except holiday loans) with automatic payment. Applies to loans granted beginning March 1, 2015. Cannot be combined with other offers. Click here for current rates
Call (518) 783-2211 or 1-888-783-2211 for more information.