Choosing to borrow money for new equipment is a wise business decision; instead of tying up cash in major assets, reinvest those funds to run and grow your business. A term loan can offer the freedom of purchasing needed assets while spending less money up front. Plus, you can often deduct the interest paid on your taxes (consult with a tax accountant).
If you're looking to purchase or refinance a piece of machinery, equipment, or a larger or unique vehicle, now is the time: BECU is offering 0.50% off term-loan rates* for a limited time when you apply between May 1 – June 30.
Term Loan Benefits
No origination fee
Loan-to-value up to 80%
Terms up to 84 months
Competitive fixed rates
Applying is easy. Contact the Business Specialist noted on the communication you received and reference promo code: EQUIP2017 when submitting your application.
Contact the Business Specialist noted on the communication you received and reference promo code: EQUIP2017 when submitting your application.
*Minimum $25K loan amount required. Loans are subject to BECU membership, credit approval and other underwriting criteria and not everybody will qualify. Fees may apply. Certain restrictions apply. Business and Commercial Loan programs, terms and conditions subject to change without notice.