Rates as Low As
APR Effective 3/24/2023*
7.05
%
APR
Business Equipment-Term Loan
$10,000 - $249,999
Business loans finance the things you need to keep your business growing - such as new equipment, machinery or other business needs. Our business loans offer competitive rates, low fees, and access to SBA programs to expand your financing options.
Term Loan Benefits
- No origination fee
- Loan-to-value up to 80%
- Terms up to 84 months
How to Apply for a Business Loan
- Complete the Business Loan Application
- Provide a purchase order or bill of sale (signed by you and the original owner or dealer, depending where you purchased)
- Include collateral information - this may be the equipment description and purchase price and/ or the payoff quote, account number and lienholder contact info if you're buying or refinancing equipment from another owner
Apply by connecting with a Business Specialist, or download and bring the completed application into your nearest Neighborhood Financial Center.
If you are not already a business member and are approved for a business loan, you will be required to establish a business membership. Click to learn more about BECU Business Membership.
Business Resources
Questions? We're here to help.
Loans are subject to credit approval and other underwriting criteria and not everybody will qualify. Certain restrictions apply. Business and Commercial Loan programs, terms and conditions subject to change without notice. BECU business membership required and not everybody will qualify.