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  Business Loans
BUSINESS UNSECURED LINE OF CREDIT
An unsecured line of credit you can use for temporary working capital needs.
  • Loan amounts from $5,000 - $50,000
  • Interest rate tied to Prime
  • Convenient access options
  • Interest only for up to one year with an annual review
BUSINESS HOME EQUITY LINE OF CREDIT
Business Home Equity Line of Credit (HELOC) is a secured line of credit up to $250,000 for small businesses. A primary residence secures the Business HELOC with financing up to 80%. The interest rate is variable tied to Prime.
  • Loan amounts from $5,000 to $250,000
  • Interest rate tied to Prime
  • Loan to value (LTV) 80%, 1st or 2nd lien position
  • 60-month term
  • Convenient access options
  • Interest only repayment options
BUSINESS SECURED LINE OF CREDIT
For growing businesses that need a consistent source of capital, the Y-12 Business Secured Line of Credit provides flexible financing at competitive rates. Lines range from $5,000 to $250,000.
  • Loan amounts from $5,000 - $250,000
  • Interest rate tied to Prime
  • Interest only for up to one year with an annual review
  • May be secured with receivables, inventory, equipment, or commercial real estate
  • Convenient access options
BUSINESS INSTALLMENT/TERM LOANS
A Y-12 Business Installment/Term loan is a secured fully amortized loan up to $500,000 for small businesses. Term loans are an excellent source of funding for purchasing equipment, vehicles, and other fixed assets.
  • Loan amounts from $5,000 - $500,000
  • Interest rate fixed or variable
  • Term of loan up to 84 months
  • The assets you purchase can usually secure the loan
COMMERCIAL MORTGAGE
Our commercial mortgages make owning, re-financing, or renovating commercial real estate easy and affordable. We offer flexible financing options that include competitive rates, and low monthly payments.
  • Low monthly payments
  • Fixed or variable interest rates
  • Flexible down payment requirements
  • Up to 30-year amortization
  • Flexible owner-occupancy requirements
For more information about our Business Accounts, contact us at 482-1043 or e-mail.
 

Autos 2009-2015 as low as 2.10% APR
60-Month Certificate as high as 1.15% APY
Home Equity-Variable Interest Only as low as 4.00% APR
*Rates subject to change; certain restrictions apply.(1)APR (2)APY
 
Your savings federally insured to at least $250,000
and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency
Member Cellular Discounts with Sprint

NMLS #441816
Equal Housing Lender
© 2014Y-12 Federal Credit Union, serving Oak Ridge, Knoxville, and surrounding East TN Counties. All Rights Reserved.