Term Loans – Business

Term loans are a short or intermediate financing option that are used to finance a business need for a specific amount of credit over a set period of time.

What can I use term loans for?

What do I need to get started?

  • Must meet all membership requirements
  • Business must be under current ownership for at least 24 consecutive months
  • Key owners, any individual with at least 20% ownership in the business, need to provide personal guaranty
  • All appropriate business legal structure documents
  • Minimum of two years business and personal federal tax returns (complete with all schedules and attachments)
  • Interim income statement and balance sheet if more than 90 days past fiscal year end

Medical professionals and physicians

Up to 100% financing with terms up to 10 years for all medical professionals

Learn more