Member Business Loans


  • SBA
  • Commercial Real Estate
  • Equipment
  • Term Loan
  • Business LOC
  • Business Credit Card
  • Commercial Auto

SBA Loans

SBA loans have played a very important role in been the key to many successful businesses. The SBA (Small Business Administration) loan is a type of business loan that is guaranteed by the U.S. government. SBA loans can offer certain benefits which is not offered with other types of loans, such as:

  • Term up to 25 years
  • No hassle to refinance every 5 years
  • Lower equity requirements

SBA will partially guarantee loans for a variety of purposes, including:

  • Start-up businesses
  • Refinance debt
  • Purchase of commercial real estate (owner-occupied)
  • Purchase of machinery and equipment, furniture, fixtures, and leasehold improvements
  • Business acquisition
  • Working capital

All loans subject to SBA, collateral and underwriting requirements, and approval, including credit approval.

Please call our office at 281-921-8500 or visit one of our locations for more information.

Member Business Loan Application
Member Business Loan Checklist
IRS Form 4506-T

 



Commercial Real Estate

Loan Features:

  • Purchase of Real Estate or Refinance an existing loan
  • Requires a minimum 20% equity or down payment.
  • Competitive fixed interest rates based on risk rating
  • No prepayment penalty
  • Fixed 5 year balloon with 20 years amortization


All loans subject to, collateral and underwriting requirements, and approval, including credit approval.
Please call our office at 281-921-8500 or visit one of our locations for more information.

Member Business Loan Application
Member Business Loan Checklist
IRS Form 4506-T

 



Equipment Loans

Loan Features

  • Up to $49,900 subject to credit approval
  • Business will be the borrower and the owner will provide personal guarantee
  • Loan proceeds must be used only for the purpose of purchasing new equipment
  • Term up to 60 months
  • Application fee of $25.00 may apply

Documentation Requirements

  • Completed loan application
  • Both borrower and guarantor/s will need to have a primary account at Nizari PFCU.
  • Proof of Insurance (Business Location)
  • Copies of last two years personal and business income tax returns
  • Copies of last year’s personal and business financial statements Proof of business, showing applicant as owner/part owner of the business
    • Articles of incorporation, OR
    • Partnership deed, OR
    • Assumed name certificate
  • In case of a partnership or corporation, a signed resolution authorizing the purchase of the equipment shall be required.
  • Original and signed quotations from the vendors together with the Equipment details must be submitted along with the application
  • Depreciation Schedule
  • Consent of landlord (if applicable)


Collateral

The equipment and fixtures purchased from the loan proceeds will be used as collateral for this loan. All the necessary required UCC filing will be done to secure the lien on the equipment and fixtures during the entire term of the loan. The borrower may be responsible for all UCC filingfees.

*APR= Annual Percentage Rate

 


Download Personal Loan Application
Equipment Loan Application
IRS Form 4506-T



Member Business Term Loan

Loan Features:

  • Up to $200,000 subject to credit approval
  • Can be used for working capital, business expansion, new business, and inventory
  • Term up to 84 months
  • Interest rate: Variable (Prime + margin)
  • Application, Origination, and third party fees apply


Please call our office at 281-921-8500 or visit one of our locations for more information.

Download Business Loan Application

 



Business Line of Credit

Loan Features:

  • Up to $100,000 subject to credit approval
  • Can be used for working capital, long and short term expenses, and inventory
  • Annual fee: $150
  • Application fee: $100
  • Interest rate: Variable rate: (Prime Rate plus 4% with a floor of 6.25% and a cap of 18%)


Please call our office at 281-921-8500 or visit one of our locations for more information.

Download Business Loan Application

 



Business Credit Card

Loan Features:

  • Up to $25,000 subject to credit approval
  • No annual fee
  • Fixed rate of 14.90% APR


Please call our office at 281-921-8500 or visit one of our locations for more information.

Download Business Credit Application
Download Business Credit and Continuing Security Agreement



Commercial Auto Loans

Loan Features:

  • For Vehicles used for business purpose
  • Maximum loan amount up to $150,000
  • Interest rate is based on credit and risk rating
  • The maximum loan term is 84 months, depending on the amount of the loan


All the above terms and conditions are subject to change. Some restrictions may apply.
Please call our office at 281-921-8500 or visit one of our locations for more information.

Download Business Loan Application

 




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"APY" refers to Annual Percentage Yield
"APR" refers to Annual Percentage Rate

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