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Business Lines of Credit

Your business goals become our shared mission

We understand your unique challenges and offer personalized, flexible lines of credit designed to fuel your growth and success.

michael-mazzuca

Michael Mazzuca

Business Development Officer

Career Highlights


  • 20+ years of commercial lending experience in the Hudson Valley
  • Professional Real-Estate and Nature Photographer

What We Offer

Financing available from $1,000 to $100,000. Larger limits are available if secured by real estate.

Interest rates based on prime plus a margin.

A revolving line of credit has no limit on the number of times you can draw or advance.

Interest-only payments on secured lines of credit.

No cash advance fees.

Monthly principle & interest payments – minimum 2.4% of outstanding balance.

Digital Banking offers easy access to your cash and for making payments.

Apply Today

Your Partner in Business Success

At TEGFCU, we’re more than a financial institution; we’re your local partner in success. Our dedicated team works closely with you to understand your needs, offering competitive rates and terms tailored to your business.

Choosing TEGFCU means gaining a confident, empowering partner committed to your business’s growth. Our community-focused approach ensures you receive the support and resources necessary for success.

Unlocking your business potential is easy with TEGFCU. Our simple application process, transparent terms, and responsive support team make managing your financial needs straightforward and stress-free.

Business Lines of Credit FAQs

How do I get a Credit Line for my business?

If you’re interested in getting a line of credit for your business, call us today at 845.452.7323, visit us at any branch, or CONTACT US here.

Do you need collateral for a Business Line of Credit?

You could get an unsecured line of credit that does not require collateral, but it could cost you more. With unsecured lines of credit, the interest rates can be higher because lenders are taking a larger risk in lending to you.

How Does a Line of Credit Work?

Once you receive approval for a line of credit and agree to the terms, the mechanics of a business line of credit are easy to understand. You can use the funds from the line of credit for any business-related expenses—you can even withdraw them as cash to use for business purchases. If you don’t repay any funds used within a statement period, your account will accrue interest.

What is a major benefit of having a Business Line of Credit with TEG Federal Credit Union?

A huge benefit of a business credit line is that you then only pay interest on what you use and have to repay the money you actually use from your line of credit. To repay, you would usually make monthly payments on the amount you’ve borrowed.

Who Can Apply?

As a local Credit Union, TEGFCU serves a variety of Hudson Valley Businesses. If your business is in and/or does business in the NY counties of Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster, or Westchester, then your business is eligible for all the benefits of TEGFCU Business Membership.

Not a business member yet? Let’s change that. Find out what documentation you need to join.

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