TDECU | Loans, Mortgages, Mobile Banking, Wealth Advisors

Go To Home
   

ENROLL IN ONLINE BANKINGFORGOT PASSWORD?




 
Online Credit Card and Loan Applications will be Unavailable Wednesday, September 28, 2016, from 9:30 PM until 11:30 PM CT. Learn more here.
Move your money from your high-interest debt and save! Transfer your balances to a TDECU credit card and receive a 5.9% APR* until it’s paid in full – with no balance transfer fees. Click here.
We created these great products & services with you in mind!
Safe and Secure. Switch to e-statements today. Click here for details. Boat and RV loans available. Click here.
Transfer your high-interest credit card balance and save money! 10 cents off gas at bucees with a tdecu credit card.
Share your story about how TDECU has helped you and be entered to win a $50 Visa gift card. Click here. Finance up to 103%. Learn more.
Want Financial Freedom? Come and Take It!
Home Center

50,000+ dream homes and counting!

SET APPOINTMENT

START HERE

Auto Loans

40,000 members are on the road!

APPLY NOW
Rates as low as 1.99% APR

Insurance & Investments

6,500 families have peace of mind!

INSURANCE

WEALTH MANAGEMENT
Membership

3,000 new members join each month!

FIND OUT WHY

OPEN AN ACCOUNT

Founded in Texas in 1955. Serving members around the world ever since.
Become a member and join the home team.
Member Stories. Click here.

A history of belonging. Read More.

How To Identify Your Financing Needs

As the small business owner and borrower, you are responsible for identifying the amount of money needed for specific purposes. Generally, the needs of your business will fall into two broad categories:

  • Expansion Capital – Used to finance business growth
  • Working Capital – Used to finance short term business cash needs

The first category is considered a permanent investment in the business, which means funds will be repaid to the lender over a period of time greater than one year. Working capital can be of a seasonal nature and repayable in less than one year according to the seasonal sales and cash flow patterns of your company. Permanent working capital may be a requirement, especially if your goal is to commit funds to a permanent buildup in working assets (accounts receivable and inventory) in support of sales growth, introduction of new product lines, or territorial expansion.

How much should you borrow?

Determination of the loan amount may be a straightforward process, especially when the loan will be used to finance assets which can be readily quantified, such as land, buildings or equipment. If your business needs working capital or funds to build inventory, accurately pinpointing the amount you need to borrow can be a greater challenge. Talk with an experienced TDECU lender today. We can refer you to a reputable third-party advisor who can assist you with this decision.

In either case, even if your business has a successful performance history, it is important to develop projected financial scenarios (preferably with help of a Certified Public Accountant) to justify the amount you seek to borrow. A good rule of thumb is to prepare balance sheets, income statements (at least 2 years) and cash flow projections (monthly for one year). The lender will want to carefully evaluate your historical performance as well as projections.

Privacy & Security | Terms & Conditions | Routing Number: 313185515

© 2016 TDECU
This credit union is federally insured by the National Credit Union Administration
Equal Housing Lender   Credit Union Co-op