Get flexible repayment schedules and competitive rates for just about anything you need to keep your business humming.
What is a Term Loan and How Does it Work?
A term loan is a loan from a bank for a specific amount that has a specified repayment schedule, at either a fixed or floating interest rate.
Ways to use a term loan
Term loans are the perfect option for fixed asset purchases such as:
- Expanding to a new location
- Making improvements to your existing rental and commercial property
What other USB business owners have done with their term loan
- $375,000(10-Year Term Loan)Investment property/mixed-use
- $20,000(5-Year Term Loan)New Equipment
- $700,000(7-Year Term Loan)New Equipment
Business & Commercial Loans FAQs
Yes. For more information please visit or call us at 866.872.1866. We offer competitive fixed and variable rates which can be tailored to meet our client’s needs.
We offer a broad range of commercial products including commercial construction and term loans, commercial mortgages, secured lines of credit for short-term cash flow needs, term loans for equipment and vehicle purchases, and an unsecured business cash reserve line to protect against overdrafts. We offer competitive fixed and variable rates which can be tailored to meet client needs.
Our small business loan interest rates are competitive and priced on an individual basis and therefore are not posted. One of our small business loan officers would be happy to further explain how pricing is determined. Call us at 866.872.1866.
Union Savings Bank has established competitive rates for all of our small business loan products. Your interest rate is then adjusted based on your credit worthiness, collateral for the loan, the loan product, the amount of the loan and your overall relationship with Union Savings Bank. Call us to find out more or get started: 866.872.1866.