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Member accounts at this credit union are federally insured up to at least $250,000 by the National Credit Union Administration.
 

 

BUSINESS LOANS

 

To help you make the most of your business opportunities, Freedom is ready with many Business Loan options.  Helping your business succeed, while strengthening our community, is one of Freedom's primary objectives. At Freedom, we have a team of professional business banking representatives, who are dedicated to providing prompt loan approval and the personal attention that you and your business deserve.

 

Freedom offers a variety of business loans, including lines of credit, term loans, business leases, commercial real estate loans, and Small Business Administration (SBA) loans to provide the funding you need to purchase equipment, finance retail space, expand, or for any other business expense.

 

Lines of Credit

  •   Terms up to three years.
  •   Lines available up to $500,000.
  •   Unsecured lines are available from $5,000 to $50,000.

 

Term Loans

  •   For vehicle, machinery, or equipment purchases.
  •   Up to $500,000 available.
  •   Automated monthly repayment schedule.
  •   Quick and easy online application.

 

Business Leases

  •   100% financing for qualified business equipment.
  •   End-of-lease options, including purchase.
  •   Loans from $5,000 available.
  •   Terms available from 24 to 60 months.

 

Commercial Real Estate Loans

  •   Available from $15,000 and up to 25-year amortization.

 

Small Business Administration (SBA) Loans

  •   For SBA 7(a) (term) loans.
  •   For SBA 504 (fixed-asset financing) loans.
  •   Non-profit organizations are not eligible.

The following changes have recently been implemented by the government to the SBA program:

  • Increased the guarantee amount to 90% for loans up to $1.6 million
  • Waived borrower fees on 7(a)  and 504 loans
  • Lines of credit are included in the increased guarantee and fees waived
  • SBA 504 loans can now include some amount of refinance in specific circumstances
  • SBA ARC loans are 100% guaranteed up to $35,000

Click here to apply today or call 1-877-690-1209.

Note: All loan terms are subject to change and consideration for larger loan amounts may be available through participation loans.

 

Freedom Federal Credit Union    P.O. BOX 1545   Bel Air, Maryland 21014
410-676-5700   1-800-440-4120
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