Loans up to $1,000,000 to purchase or refinance commercial real estate
Build equity in your business
Save on rent payments
Take control of your business facility
*Through strategic alliances, we are able to offer our Members business loans up to $5 million. Some loan offerings are available only through Newtek Small Business Finance. Download our Business Loan Application today, or contact a Business Services Advisor at 800.873.5100,561.982.4700, business_services@ibmsecu.org, or at branch near you.
Business Loan Type
Rate Structure
Application Fee*
Loan Closing Fee**
Business Line of Credit
Credit lines up to $100,000
Secured or unsecured
Interest only payments
Prime+.50% to Prime+4.00%, Rate changes monthly***
$75
$350 - $2,000
Business Term Loan
Unsecured loans up to $100,000
Unsecured loans up to 36 months
Secured loans up to $250,000
Secured loans up to 60 months
Secured Loans:***
36 mos 4.37%
60 mos 5.25% Unsecured Loans:
36 mos 5.37%
$75
$0 - $3,750
Business Mortgage Loan
Loans up to $1 Million
Secured by commercial real estate
Owner-occupied: 20 yr amortization with 10 yr balloon
Non-owner occupied: 15 yr amortization with 5 yr balloon
Variable***
Prime-.50% to Prime+2.50%, Rate changes annually Fixed***
Owner Occupied:
5.18% 10 yr Balloon
Non-Owner Occupied:
5.00% 5 yr Balloon
$75
$500 - $10,000 Owner and Non-owner occupied
Executive Platinum VISA Credit Card
Credit lines up to $50,000
Unsecured
Minimum payment: 2% of balance
Prime+5.00% to Prime+6.00%, Rate changes monthly***
$0.00
$0.00
Standby Letter of Credit
Standby letters up to $100,000
Secured or unsecured
One year term
Payments begin when letter is activated
Prime+.50% to Prime+4.00%, Rate changes monthly***
$75
$350 - $2,000
*Non-Refundable, Non-Negotiable **Negotiable based on Credit Union relationship; fee may be financed into loan. ***Variable rates will be on higher end of range and fixed rates will be .50% higher than posted rates for businesses open 2 years or less.
RATES and FEES EFFECTIVE 1/01/2009 Prime rate index at effective date: 3.25%
