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Business Term Loans
Stable financing designed to support long-term business success
What is a Business Term Loan?
A business term loan is a type of financing that provides your business with a lump sum of money, repaid over a defined period of time with consistent monthly payments. These loans are commonly used for significant investments that deliver long-term value, rather than short-term operational expenses.
Because the repayment schedule and interest rate are clearly defined, business term loans offer stability and transparency. This makes them an excellent option for business owners who want to manage cash flow responsibly while investing in growth, infrastructure, or efficiency improvements.
How a Business Term Loan Supports Financial Stability
Unlike revolving credit, a term loan provides certainty. You’ll know your interest rate, payment amount, and payoff timeline from the start, which helps reduce financial uncertainty and improve budgeting accuracy.
For many businesses, this predictability makes term loans a strategic tool for balancing growth with financial discipline—especially when planning multi-year investments or managing capital-intensive projects.
Talk to a Business Expert
Talk to a UCCU expert and find the best option for you and your business.
(801) 223-7665 | [email protected]
Available Monday – Friday 9 am – 5:30 pm
Equipment, Vehicles & Machinery
Term loans are ideal for purchasing essential equipment, company vehicles, or specialized machinery. Instead of paying a large upfront cost, businesses can spread payments over time while immediately benefiting from the asset.
Business Expansion & Property Improvements
From opening a new location to renovating an existing space, term loans help fund growth initiatives that increase capacity and revenue. Fixed payments make it easier to forecast expenses while your business scales.
Debt Refinancing & Financial Restructuring
Refinancing existing business debt into a single term loan can simplify payments and improve cash flow. This approach may help businesses better align repayment schedules with long-term financial goals.
Why Choose a UCCU Business Term Loan?
UCCU takes a relationship-based approach to business lending. Our business specialists work closely with you to understand your goals, cash flow, and long-term vision before recommending a loan structure that fits your needs.
With local decision-making, competitive rates, and flexible terms, UCCU helps businesses move forward with financing they can trust—backed by personalized service and a commitment to your success.
Is a Business Term Loan Right for Your Business?
A business term loan may be a good fit if your business:
- Needs financing for a large, one-time expense
- Wants predictable monthly payments
- Prefers stable, long-term repayment terms
- Is planning growth, expansion, or major investments
If you’re unsure which financing option is best, a UCCU business specialist can help evaluate your needs and explore alternatives.
Frequently Asked Questions
What types of businesses qualify for a term loan?
UCCU works with a wide range of businesses, including small businesses, established companies, and growing organizations. Eligibility depends on factors such as business history, financial performance, and loan purpose.
How much can I borrow with a business term loan?
Loan amounts vary based on your business’s financial profile, credit history, and intended use of funds. A business specialist can help determine an appropriate loan amount.
Are interest rates fixed or variable?
Many business term loans offer fixed interest rates for predictable payments, though options may vary depending on loan structure and qualifications.
What documents are needed to apply?
Typical requirements may include financial statements, tax returns, and business information. Your UCCU representative will guide you through the process.
How long does the approval process take?
Timelines vary, but local decision-making helps streamline the process. Your business specialist will keep you informed at every step.
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