Small Business Loans and Lines of Credit
We understand what it takes to manage a successful business. That's why we offer small business loans for the established business owner.
Financing for business loans is provided by professionals who understand the challenges and opportunities your business faces ... they'll match you to the loan product that meets your unique needs best.
With the Fast Track Program, we can provide capital to you in a quick and efficient manner.
- No pre-payment penalties on equipment loans
- Lines of credit for $50,000 with no annual fee
- Five year term loans on Equipment
- Real estate-secured loans up to 30 year amortization
At Travis Credit Union, we've taken the hassle out of the application process. You'll appreciate our fast approval process and friendly, personal service.
If you are interested in starting the application process and speaking with a Business Relationship Officer, please email at FastTrackInquiry@TravisCU.org
Frequently Asked Questions
How much can I borrow under the Fast Track Program?
Line of Credit-$50,000
Commercial Real Estate Loans-$150,000
What are the maximum terms of the Program?
Equipment Loans- Five Years
Line of Credit-One Year
Commercial Real Estate Loans-10 years
What are the down payment requirements?
Typically the down payment on commercial real estate is 25% and there is no down payment for the line of credit loan. For equipment, the down pay payment is 20% for new equipment and 50% for used.
Can I apply for more than one Program under Fast Track?
Yes, you can apply for all three loan types under the program to the maximum allowable amounts.
When can I submit my application to Travis Credit Union?
The Fast Track Program is currently available. To start the process, please email FastTrackInquiry@TravisCU.org
I have a new business that opened in 2020; am I eligible?
To qualify for Fast Track you will have to be in business for three years.
I am currently not a member of Travis Credit Union. May I apply for Fast Track?
You must be a member of Travis Credit Union to apply for the Program. Membership requires the opening of a checking and savings account.
What financial documents are required to apply for the Fast Track Program?
Generally speaking, most recent two year tax returns for borrowing entity and guarantor(s) are needed. To apply for a line of credit, only year of tax returns is required. Depending on the debt of the company, a debt schedule (hyperlink) may also be required.