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Business Loans

Flexible loans tailored to suit your business needs

Take your business to the next level

Running a business is challenging, and TDECU knows about all the late nights and early mornings you put in. That’s why we offer a range of business loan solutions along with business lending specialists who can help design customized financial packages based on your business needs.

Be it purchasing new manufacturing equipment or remodeling your workplace, TDECU has you covered.

Types of TDECU Business Loans

Commercial Loans

Whether you need a commercial construction loan, mortgage, capital improvement loan, or business vehicle and equipment loan, TDECU offers low rates, flexible terms and quick approval:

  • Commercial Owner-Occupied Real Estate
  • Commercial Construction
  • Equipment Purchases
  • Revolving or Seasonal Line of Credit
  • Business MasterCard®

SBA Backed Loans

As a Preferred Lender in the Small Business Administration (SBA) Loan Programs, TDECU gets members approved fast, so you can concentrate on growing your business. Through the use of these programs, TDECU can offer our members extended loan terms that we might not be able to otherwise offer, including:

  • Long term financing
  • Low down payment options
  • Fixed/Variable Interest
  • Line of Credit for working capital/inventory

Let's talk about your business needs

For more information about Business Services, contact a Commercial Loan Officer at 800-839-1154 ext. 4618

How to prepare a loan request

As a small business owner, you know everything there is about running your business, but you may feel a bit confused or intimidated by approaching your banker about borrowing money. At TDECU we want to put you at ease, prepare you for this conversation and give you some idea of how bankers make credit decisions. Before approaching any lender, you should carefully evaluate your financing needs. While the lender will make an assessment of their own in analyzing your loan request, you are responsible for identifying the amount of money needed for specific purposes.

How to quantify 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.

At TDECU Business Services, we fund dreams that make communities strong. So when a fourth-generation theater owner and a community development director joined forces to build a multi-million dollar family entertainment center in Bay City, we listened. Their dream was a “go-to-all-in-one” family fun center combining movies, bowling, dining and interactive amusements. The team at TDECU Business Services made it happen.

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Download the Business Account Documentation Requirements Document

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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.

*Approved to offer SBA loan products under SBA's Preferred Lender program.

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