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Business Term Loans

Ease your cash flow with a loan term up to seven years.

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Business Term Loans Benefits

  • For virtually any business purpose
  • Terms up to 7 years
  • Loan amounts range from $20,000 to $3,000,000
  • Rates are fixed (maximum 5 years) and variable rates are available
  • Points are 1% or less, payable at closing
  • Security interest required

Business Term Loans

Ease your cash flow with a loan term up to seven years. Choose a low fixed (maximum 5 years) or floating rate that fits your needs. Get your project started on the right foot and take advantage of up-front interest-only periods. 100% financing may be available in certain circumstances. DCU's Business Term Loans can be used for any business purpose including . . .

  • new machinery and equipment
  • remodeling, renovation, or expansion projects
  • business acquisition
  • leasehold improvements
  • rental equipment
  • permanent working capital
  • vehicles
  • debt refinancing

Business Term Loan Features

  • DCU's Business Term Loans are secured term loans.
  • Loan amounts range from $20,000 to $3,000,000.
  • Points are 1% or less payable at closing.
  • Rates are fixed (maximum 5 years) and variable rates are available*.
  • Terms up to 7 years.
  • Business Term Loans will be supported by the personal guaranty of the business owner(s).
  • Repayment: monthly level payment including principal and interest, or a fixed principal payment plus the monthly interest can be chosen.
  • Collateral: first position on assets to be financed and/or on all business assets.
  • Collateral Loan to Value: up to 80% (up to 100% financing may be available based upon additional collateral).
  • Reduced payment periods of up to three months per year are available upon request.

As with all financial institutions, the borrower will pay all fees and expenses relating to the loan. fees may include, but are not limited to, application fee, appraisal fee, attorney fees, recording fees, and any other fees that are normal to this type of transaction. All fees and expenses will be estimated for you prior to closing.

Business Term Loan Minimum Requirements

  • Company must have been in business for 18 months or more.
  • Business must be located in Massachusetts, New Hampshire, or Rhode Island.
  • Personal and Business Credit must be satisfactory.

The rates, terms, and conditions above are guidelines and may not apply in certain situations. A DCU Representative will discuss any variations with you. Rates, terms, and conditions are subject to change without notice.

*The interest rate is determined by numerous factors including personal credit history, financial strength of the principals, experience of management, LTV (loan to value), NOI (net operating income), and the type and condition of the property.

Business Term Loans is rated 4.2 out of 5 by 5.
Rated 5 out of 5 by from Quick App. I thank DCU for helping me in my business the quick app is what it says the loan person who help me complete my loan was excellent treated me like a person and she was very professional and very nice to work with did not pound me with unessasary documents straight quick to the point and I won't to thank DCU for all the help in the past I'm glad to DCU nowing they have my back DCU gave me a loan back in late 2009 for my business we all now what kid of a year that was I had promised DCU I would not fail on that loan in those bad times and I did not fail again Great Bank great people I Can't Thank The Bank Enough yours truly Art
Date published: 2016-02-29
Rated 5 out of 5 by from DCU is competitive and easy to work with I've worked with the DCU for over 35 years. You've always been pleased with the terms, flexibility and ease of working with the DCU.
Date published: 2014-03-03
Rated 5 out of 5 by from Business Auto Loan We applied for our first Business Auto Loan. DCU processed our application very quickly, professionally and gave us a great rate. Great experiance I would highly recommend the DCU to any business or individual.
Date published: 2013-08-18
Rated 5 out of 5 by from Great underwriting turnaround all within the same day. It has always been a pleasure to bank with DCU. They have outstanding programs and services many people lack to know. Never again will I use any other bank or credit union. However, the one downside for me is, I wish they had a branch in Haverhill, Ma.
Date published: 2013-03-16
Rated 1 out of 5 by from 4@ different contact persons, 3@ different application forms, long term around timeframes, no follow through I've never experienced such disorganization, lack of understanding of what the process should be and what forms are needed, lack of follow through and having to repeate and provide information multiple times. In the 25+ years I've been with the DCU this is the worse experience I've ever had.
Date published: 2012-07-23
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Why are loans not available to Vermont businesses?

Hi DCU, You've had our (Vermont) business checking/savings accounts for years. Why, oh why, are we not eligible to get a business loan from you? As usual, DCU was our first stop for financial services. Very disappointed. Regards, DCU member since 1980
Asked by: Jake
I am sorry to learn we were unable to meet your Business Lending needs. Business loans are only offered in Massachusetts, New Hampshire, and Rhode Island, with the exception of Business Vehicle loans.
Answered by: DCU Staff
Date published: 2013-10-23
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If you have any questions, please consult our Frequently Asked Questions page or, don't hesitate to call us.