Members 1st Federal Credit Union - Business Services - Savings & Checking
Business Lending
Whether you're looking to get your business going, give it a
jump-start or build on what you've already established, our Business Lending
professionals are here to help.
Members 1st is participating in a new small business loan program in cooperation with
The Cumberland County Economic Development (CCED) office.
The Cumberland Business First program will utilize private funding from area commercial
lenders, who will administer the program jointly and provide loans to eligible businesses
within terms, rates and parameters established by CCED. Loans for up to 40 percent of a
project’s total cost, from $25,000 to $250,000 at a fixed 5 percent interest rate, will be
available to eligible businesses in the county. Eligible businesses must be located in
Cumberland County, employ no more than 100 people and “be prepared to add new jobs over a
three-year period.”
As us for details!
Business Lending Program includes:
Commercial Real Estate
The Credit Union can finance your purchase or refinance your retail,
office, hospitality or industrial building, along with many other types of property.
There is never a prepayment penalty on our loans, regardless of size or type to go
along with our loans.
Investment Property Loans
Attractive rates are available for investors or landlords who own a
1 to 4 family unit rental property. Low fees. No prepayment penalties.
Equipment Financing
Expanding your business with a new piece of equipment or replacing
aging equipment? The Credit Union can customize financing for virtually any piece
of equipment.
Vehicle Loans
Loans are available for a wide variety of commercial vehicles used
for your business. Well help you finance a car, truck, van or SUV.
Lines of Credit
We offer variable lines of credit designed for short-term borrowings
to assist with working capital.
Contact our Business Services staff today.