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Term Loans

A term loan is for a specific amount of money that has a specified schedule and a fixed or floating interest rate. It’s designed for equipment, real estate, or working capital that will be paid off between 1 and and 7 years.

A term loan can be used to:

  • Purchase machinery, equipment, furniture, fixtures, and leasehold improvements
  • Fund a business expansion
  • Purchase transportation equipment
  • Expand or modernize facilities
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Redwood Credit Union serves anyone living, working or owning a business in California’s Northern Bay Area, which includes the counties of Sonoma, Marin, Napa, Mendocino, Lake, San Francisco, Contra Costa and Solano. We look forward to serving you!

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