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Lines of CreditUnsecured Line of Credit
If you're a well-qualified borrower and need a small, short-term loan, you'll want to ask about an unsecured line of credit.
- $10,000 to $100,000
- Interest rate fixed at 10.5%
- $50 application fee
- Annual continuation review
- Minimum repayment of 2.5% of principal balance outstanding monthly
Line of Credit
This line of credit is great for well-qualified business entities, as permitted by NCUA, and is designed to assist small businesses in meeting their short-term and cyclical working capital needs.
- Revolving or non-revolving
- Variable interest rate tied to Prime
- Loan fees range from .5% to 3%
- One-year term with a 30 day out of debt period
- Security interest may be taken on equipment, inventory, accounts receivable and/or contracts
Interest rates on business loans are calculated as a variable rate tied to the Prime rate.
All loans are subject to approval. Maximum financing and rates may vary as determined by your credit profile. All rates and policies are subject to change without notice.
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Disclaimer: AltaOne Federal Credit Union is not responsible for the privacy practices or the content of web sites which we may provide an access link. While all efforts are made to maintain the accuracy of information presented on the AltaOne Federal Credit Union web site, we cannot guarantee that all information is current. The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with the residents of California. Securities offered through LPL Financial, member FINRA / SIPC Insurance Products offered through Private Ledger Insurance Services of California, Inc. & its affiliates. [Not NCUA Insured | No Credit Union | Guarantee May Lose Value] Please contact the Credit Union Call Center directly for the most current information at
(760) 371-7000, or toll-free (800) 433-9727
701 South China Lake Boulevard, Ridgecrest, California 93555
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| All Rights Reserved. Copyright© 2010 AltaOne Federal Credit Union. |
