Providing Business Lending Services in Partnership with Credit Unions
Bayer HFCU has partnered with Cooperative Business Services and other credit unions to provide business loans to our members. You now have access to business loan opportunities such as: commercial real estate, term loans, lines of credit, SBA 7(a) and SBA 504.
Commercial Real Estate
- Purchase or refinance of commercial, industrial and/or investment property
- Terms up to 10 years, amortizations up to 25 years
- Fixed and variable rate options available
- Loans up to $10,000,000 per transaction
- Business Expansion Loans
Term Loans
- Purchase or refinance machinery, equipment or other capital assets, permanent working capital, business acquisition, debt consolidation
- Generally 12 to 180 month terms
- Fixed and variable rate options available
- Loans up to $2,000,000 per transaction
Lines of Credit
- Available for any general business purpose
- Line of credit facilities are generally reviewed on an annual basis
- Rates are typically set at a floating rate over the Wall Street Journal Prime Lending Index
- Loans up to $500,000
SBA 7(a) Loans
- Business expansion, business acquisition, commercial real estate purchase, machinery & equipment purchase, working capital, and debt refinance
- Terms up to 25 years
- Variable rate spread over the Wall Street Journal Prime Lending Index
- Loans up to $5,000,000
SBA 504 Loans
- Land and building purchase, construction or renovation, and machinery & equipment purchase
- Terms up to 20 years
- Loans up to $5,000,000
We provide Business Lending Services through our partnership with Cooperative Business Services and other credit unions.
Contact our Bayer Heritage FCU Commercial Lending Group for more information:
- 800-272-6003 - Commercial Lending Department
- CommercialLending@bayerhfcu.com
Cooperative Business Services Business Development Officer:
- Andrew Anderson
Cooperative Business Services
Business Development Officer / Commercial Lending Group
aanderson@cbscuso.com
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