SCU Credit Union will be closed on Monday, May 29, 2023 in observance of Memorial Day. You may access your funds through ATMs, Mobile and Online Banking.

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Commercial Loans

At SCU Credit Union, part of our success as a community credit union is helping local businesses in the areas we serve grow and thrive. Our dedicated commercial lending experts are here to find you the best commercial lending solution to fit your business' unique needs. We offer a variety of products at competitive rates. Contact us with any questions or for more details. We would love to be a partner in your success!

  • Commercial Real Estate Loans – Provides financing for purchase, construction, renovations or refinance of commercial real estate on owner-occupied and properties held for investment purposes including commercial, mixed-use, and residential investment.

  • Secured Commercial Term Loans – Provides financing for business expansion, leasehold improvements, to purchase or re-finance commercial vehicles and equipment including heavy equipment and non-titled vehicles.  Ex., Backhoes, Excavators, Equipment Trailers, etc.

  • Federal Home Loan Bank (FHLB) of Boston Programs - Learn more about Jobs for New England 

  • Secured Lines of Credit – Secured by real estate, these loans provide short term working capital to help businesses float accounts receivable, inventory, and payroll expenses.

  • Business Auto Loans-Consumer Vehicle for Business Use – Finance your purchase of a new or used vehicle or refinance your higher rate auto loan for consumer vehicles used for your business. Vehicle must be manufactured for household use such as a passenger vehicle, including minivans, SUVs, pick-up trucks, etc., but not vehicles that are part of a fleet or vehicles used to carry fare-paying passengers, including part-time Uber or Lyft use.
Click here to see a short video about SCU's commercial lending, featuring Richard Hooke, VP Commercial Business Development! 

 

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