Professional Loans
North Coast specializes in professional loans up to $49,000. So, what makes us different?
We Listen
We develop our lending programs by listening to our business members. North Coast is staffed with people who listen and understand. You're committed to your business, have a clear picture of your business model, and have studied your borrowing needs.
We recognize your expertise, want to understand your unique requirements, and are ready to answer your questions.
All our loan decisions are made right here at North Coast Credit Union, quickly, and professionally.
North Coast lines of credit are designed for small businesses and may be used for any legitimate business purpose such as purchasing capital assets, for remodeling or expansion, to secure permanent working capital, or for consolidating business debt.
A line of credit provides for cost-effective borrowing when you need it. The credit may be used and repaid at any time, making it available for future use. Interest is only paid on the balance.
Details
- We offer fixed-rate plans, or the interest rate may vary based on the prime rate index.
- Monthly interest payments are required
- Lines of credit mature in two to five years
- Lines of credit may be unsecured, or secured using a UCC-1 / real-estate
