Man operating a forklift

Business Term and Vehicle Loans Offer

Get a 0.50% rate reduction on business term and vehicle loans.

Contact Business Services

As a not-for-profit credit union with over 85 years of experience, your profits are our priority. Whether you're looking to expand your delivery fleet or upgrade machinery, our business equipment-term and vehicle loans offer competitive rates, low fees and flexible terms. Plus, for a limited time, receive a 0.50% rate reduction when you apply by Dec. 31, 2021.

Features and Benefits

Equipment Term Loan

An equipment-term loan can be used to finance business essentials, such as equipment, machinery or large vehicles.

With a term loan, you can expect:

  • $0 origination fee.
  • Up to 80% financing.
  • Terms up to 84 months.
  • Competitive, fixed rates.
  • Loan amounts from $10,000 to $250,000.
Business Vehicle Loan

Finance the vehicles your business depends on to complete the job. Autos, small vans and small trucks qualify. With a business vehicle loan, you can expect:

  • New car rates on vehicles up to two years old.
  • $0 origination fee.
  • Up to 100% financing.
  • Terms up to 72 months.
  • Competitive, fixed rates.
  • $10,000 minimum financing.

Business Loan Interest Rates

Equipment Term Loan
3.63
%
APR
Business Equipment-Term Loan
$10,000 - $250,000
APR Effective 9/1/2021
Vehicle New
2.34
%
APR
Business Vehicle
New Auto - 2019 or newer
APR Effective 9/1/2021
Vehicle Used
2.69
%
APR
Business Vehicle
Used Auto - 2018 and older
APR Effective 9/1/2021

How To Apply

Our business specialists can work with you to help you select the loan that fits your business needs.

  1. Complete the Business Loan Application (PDF).
  2. Select an in-state vehicle (must be purchased within Washington state) when applying for a vehicle loan.
  3. Provide a purchase order or bill of sale (signed by you and the dealer).
  4. Include collateral information—this may be a copy of the vehicle registration and/or other documents as requested by your business specialist.

  1. Complete the Business Loan Application (PDF).
  2. Provide a purchase order or bill of sale (signed by you and the original owner or dealer, depending where you purchased).
  3. 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.

The 0.50% business vehicle and equipment-term rate discount ends on 12/31/2021. Applications must be submitted by 12/31/2021. 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.