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Loan Products


Business Boats

At Tongass Federal Credit Union we offer a variety of rates and terms for various commercial and charter vessels.

Commercial Fishing Boats
Loans are available for:

  • New, used, pre-approvals, refinances
  • Engine repairs
  • Upgrades
  • Other business purposes
  • Maximum terms based on boat type, age & condition

Charter Boats
Loans are available for:

  • New, used, pre-approvals, refinances                                                          (photo by Rebecca Chester)
  • Engine repairs
  • Upgrades
  • Other business purposes
  • Maximum terms based on boat type, age & condition

Click here to view and print a business loan application

Rental Property

We have financing available for all types of 1 – 4 family, non-owner occupied, and investment/rental property.

  • Single family Homes
  • Multi-family Homes
  • Condominiums
  • Remote Property
  • Financing may be for purchases or refinances
  • Fixed and variable rates
  • Varying terms up to 12 years and amortized up to 20 years

General Commercial Property

We have financing available for all types of commercial real estate.

  • Retail establishment
  • Warehouse
  • Business condominiums
  • Financing may be for purchases or refinances
  • Fixed and variable rates
  • Varying terms up to 5 years and amortized up to 20 years

Click here to view and print a business loan application

Business Lines of Credit

Business Lines of Credit are provided to qualified members who need additional working capital during slow cash flow seasons.

Working Capital Lines of Credit
Business owners typically purchase inventory or provide services before they begin to receive income from sales or payment from services.  A working capital line of credit improves cash flow until sales or receivables come in. The line of credit is then paid down.

  • Easy to access
  • Revolving credit limit
  • Various collateral types
  • Annual renewals
Real Estate Secured Lines of Credit
Commercial Real Estate secured
  • Includes all commercial property types
  • Up to 3 year term
  • Up to 80% of real estate value
1-4 Family Non-Owner Occupied Residences
  • Includes all rental property types less than 5 units
  • 10 year draw period (can be renewed)
  • Followed by 12 year repayment period
  • Up to 80% of real estate value
Other Secured Lines of Credit
  • Accounts Receivable (A/R)
    • Up to 80% of A/R value
  • Inventory
    • Up to 60% of inventory value
  • Equipment
    • up to 50% of equipment value
  • Annual renewals

Click here to view and print a business loan application

Business Other

Vehicles
Check out our great options for business vehicle loans!

  • Light cars, trucks, vans, SUVs
  • Purchases or refinances
  • Repairs or other business purposes
  • Term financing up to 5 yrs
  • Low interest rate only .50% above current consumer rate
  • Up to 95% financing of purchase price or NADA

Equipment
We offer a variety of terms and rates for many different types of equipment including:

  • Dump trucks, tow trucks, flat beds, fleet vehicles
  • Heavy operating equipment such as backhoes, lifts, excavators etc.
  • Restaurant equipment
  • Purchases or refinances
  • Repairs, upgrades or other business working capital needs
  • Up to 50% financing or purchase price or market value

Aircraft
We want to finance your aircraft! Various term are available.

  • Purchases or refinances
  • Repairs, upgrades or other business working capital needs
  • Up to 75% financing of purchase price or market value

Click here to view and print a business loan application

Business VISA Cards
Yes! We have a business VISA credit card. Keep your personal and business purchases separate. Track  spending by viewing your VISA transactions online. The business VISA is a great solution for those short-term cash flow problems, or purchasing business items online. We created this new business VISA card for you. Apply today!

Business Platinum VISA

  • Low fixed rate of 9.95% APR
  • Balance transfer rate of 7.99% APR!
  • Worldwide acceptance of VISA logo
  • No annual fee
  • No cash advance fee (interest will apply)
  • Same low rate for purchases and cash advances
  • Limits up to $15,000
  • Separate cards issued for each employee
  • Set individual card limits
  • View and pay your account online at www.eZCardinfo.com

Click here for a copy of the disclosure

Click here to apply for the Business VISA Credit Card
 
         
Phone Number: (907) 225-9063   •   CU*Talk (Audio Teller): (844) 498-8542  •   Lost/Stolen Credit Card: (800) 325-3678  •   Lost/Stolen Debit Card: (800) 682-6075
 
 
This credit union is federally insured by the National Credit Union Administration.
     
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