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Business Loans

TEG Federal Credit Union’s Commercial Lending assists business owners with a variety of financing options. We are here to answer your questions and help you grow your business. As a trusted credit union in the Hudson Valley, we understand that your business has specific financial and lending needs. Our Commercial Lending Officers can offer you custom loans designed specifically for your business.

With TEG, securing a business loan is an efficient and personable process. Working with TEG means having a team behind you that understands the local market that your business serves and can cater to your specific needs. TEG Federal Credit Union offers personalized service, flexible terms, and competitive rates. These are just a few of the many benefits of working with TEG.

If you own a small to mid-size local business, who better to help you than local experts? A variety of businesses rely on TEG for financing their business endeavors through a variety of business loans. At TEG, we’ll make the financing as-stress free as possible, so you can focus on running your company and strategizing its growth with commercial mortgages, business vehicles, business equipment and more.

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Working with TEG means working with a company that can appeal to local decision-making. We are readily equipped to help you with solutions to keep your business growing. Working with TEG also means receiving personalized service. Our loan officers provide services that are curated for your specific business needs. We’ll make financing easy while you grow your business.

TEG is an accessible credit union that offers competitive rates and flexible terms, which enable you to negotiate or reevaluate a loan payment.

Local Decisions

Personalized Service

Flexible Terms

Competitive Rates

Knowledgeable Experts

Community Partner

Products

Whether you want to purchase or refinance a residential investment property, commercial property or mixed use property, a TEGFCU commercial mortgage may be the perfect solution.

Drive your business in the right direction with TEG’s business vehicle loans. Businesses need a way to get to to customers and job sites, pick up supplies and delivery their products, so let us put you in the driver’s seat.

Are you renting or leasing new or used equipment or machinery to reach your business success? TEG offers business equipment and machinery loans with accessible competitive rates and flexible terms.

A revolving line of commercial credit allows you to borrow what you need, when you need it. It is a great way to easily access working capital and help to maintain your cash flow when you need short-term financing.

Build your way to success with a construction loan from TEG. With our competitive financing and expert guidance, we’ll help you finance your construction or renovation project with a TEG Commercial Mortgage. Let us help you to simplify the process.

michael-mazzuca

Michael Mazzuca

Business Development Officer

Start the Application Process

Contacting a commercial lending officer is the first step to acquiring the right business loan to support your needs.

What Makes Our Lenders Different

TEG Federal Credit Union isn’t your typical credit union. Here, we have a team of local experts and local experts means local decisions. No matter your business’ size, we specialize in helping you reach solutions. We’ll be there with you every step of the way.

How do I become a business member?

TEG Federal Credit Union is a member-owned financial cooperative that exists to serve the financial needs of our members. Businesses located in and/or do business in Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster, or Westchester Counties are eligible for business accounts at TEGFCU. Eligible business entities include Sole Proprietorship/DBA (Doing Business As), Organization, Corporation, Subchapter “S” Corporation, Limited Liability Company (LLC), Partnership, and Limited Liability Partnership (LLP).

What can I use my small business loan for?

You can use the loan for many business-related needs, such as real estate, equipment and supplies, vehicles, working capital and construction and more.

What is the business loan rates?

Loan interest rates vary based on the specific product and can fluctuate.  However, TEG offers very competitive rates. Our Commercial Lenders will gladly walk you through any questions you may have about specific interest rates and help to determine what your interest rate will be based on the needs of your business.

What do I need to apply for a business loan?

We will ask for basic information about you and your company for the loan application. This may include a review of your credit history, your business and personal tax returns, bank statements, balance sheet, profit & loss statement, a list of your assets and debts, business plan or other financial documents.  Our business lending experts can help get you started and make it as easy as possible.

How long does it take to get a business loan?

The process and the timeline to receive funding varies depending on your business and the loan product.  It will depend on your unique financial situation (credit rating, annual revenue, etc.) and the amount of funding you request.

How do I access my funds once my loan is approved?

Once your TEGFCU business loan is approved and everything has been signed and finalized, we will transfer your funds directly into your TEG business bank account for further disbursement.

When do business loans repayments start?

Depending on your repayment plan, business loan repayments typically start right away.

Why should I choose TEG Federal Credit Union for my business loan?

TEGFCU has provided loans to many business owners in the Hudson Valley. With uncommon service, we are adept at helping you navigate your financing options and tailoring your loan to the needs of your business.  Take advantage of business financing from local, knowledgeable experts who care about you and your business. We pride ourselves on making long-term business relationships.  All lending decisions are made in-house and we make financing simple so you can focus on what really matters – growing your business.

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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