Secured Business Short Term Loans Features
- Provides short term financing for seasonal, periodic or one time specific needs
- Can be structured as single payment note or revolving, annually renewable line of credit
- Can be collateralized with business assets, real estate or funds/securities
- Advance(s), repayment terms structured to match cash flow needs
Secured Business Term Loans Features
- Provides financing for long term business needs including equipment and vehicle purchases, long term working capital, capital/leasehold improvement projects and debt refinance
- May be secured by business assets
- Advance and maturity structured to match business cash flow and collateral type
- May be structured as fixed or variable rate product
Member Eligibility Requirements
- Must meet Global Credit Union credit granting standards
- Must be fully secured by acceptable collateral
- Must have business deposit account at Global Credit Union
