Lines of Credit

  • Borrow what you need, when you need it
  • Steady source of short-term money
  • Easy to use
Redwood Business Lines Of Credit
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A Redwood Credit Union Line of Credit will allow you to borrow only as much as you need, precisely when you need it.  You may borrow up to a set amount and pay it down repeatedly, balancing your cash flow needs with this ready source of short-term funds. A Line of Credit is simple and easy to use, and is an excellent financial tool to: 

  • Get a competitive interest rate
  • Cover short term cash needs until accounts receivable can be collected
  • Use to take advantage of supplier discounts
  • Meet seasonal working capital needs, as necessary
  • Cash advances available for overdraft protection

A Line of Credit is most often secured by accounts receivable, inventory and other business assets, and may be renewable annually.

 

Lines of Credit

Fixed Term

Commercial Real Estate

At a Glance

Lines of Credit allows you to borrow only as much as you need, precisely when you need it up to a set amount and pay it down repeatedly, balancing your cash flow needs with this ready source of short-term funds

Term loans are used to finance the acquisition or modernization of the company’s productive assets. Term loans are commonly used for purchases of machinery, equipment, furniture, fixtures, and to make leasehold improvements, additions to long term working capital, expansion or modernization of facilities, and vehicles or other business transportation  

RCU offers very competitive financing for commercial real estate, including the purchase of existing buildings or refinancing current loans.  These loans use the property as the required collateral, and often are used for commercial properties, both owners-and non-owner occupied, and combination business/residential properties

Rates

Variable
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Fixed rate for the life of the loan
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Non-Variable and Variable Rates
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Payments

Payments calculated on the balance owed

Fixed monthly payments

Fixed monthly payments

Terms

 Open line of credit with an annual renewal

Variety of terms ranging from 36 – 84 months

Variety of terms ranging from 36 – 60 months