RCU Business Plus Secured Lines of Credit
Rates are and are subject to change without notice.
| Loan Product | Loan Amount | Annual Percentage Rate |
| Variable | $25,000 to $250,000 | Prime + 1.00% to Prime + 4.25% |
| Collateral: | Business assets, Accounts Receivable/Inventory, specific collateral, Real Estate or cash/securities, with the maximum loan to value depending on the collateral. | |
| Term: | Maximum of one year. | |
| Business Loan Fees | |
| Loans up to $50,000 | $200 |
| $50,001 to $100,000 | $250 |
| $100,001 to $250,000 | $350 |
| Additional Out-of-Pocket Fees may apply for secured loans: | |
| Credit Report: | $75 |
| Appraisal Fee: | At Cost, quoted by approved appraiser |
| Title Insurance: | At Cost |
| Escrow Fee: | At Cost |
| UCC Filing/Search: UCC Termination: |
$26.00 (estimate) $10.00 |
| Tax Service: | $50.00 |
| Recording Fees: | $55.00 (estimate) |
| Environmental Report: | $300.00 (estimate) |
| Phase 1 or 2 Report: | At Cost (if required) |
| Demand/Reconveyance: | $25.00 |
APY=Annual Percentage Yield
APR=Annual Percentage Rate
APR=Annual Percentage Rate
Rates and policies are subject to change without notice. Call for current information or refer to RCU's current Truth in Savings Account Disclosure (TISA) leaflet and Multiple Account Disclosure for full details on early withdrawal penalties, terms and conditions on specific accounts. See separate Cost Recovery Schedule for all fees.
Business Plus Eligibility
Businesses or Associations located in the California North Bay counties of Sonoma, Marin, Mendocino, Lake, Napa, San Francisco, Contra Costa or Solano are eligible to join Redwood Credit Union.
To receive quick, accurate answers to your Business Plus membership questions, call our Business Plus priority help line at 1 (877) 545-4100 or visit any RCU branch.
Redwood Credit Union Member deposit accounts are Federally insured up to $250,000 by the National Credit Union Administration (NCUA)
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