TERM LOAN

A business term loan can help you with a specific business investment such as building up inventory, financing a piece of equipment or assisting with other cash flow needs.

Who Might Use this Product?

​Agriculture and commercial account holders who require access to additional funds for a specific purpose.

Cost Savings and Member Benefit

  • You can pre-pay your loan at any time to save on interest without penalty
  • Competitive interest rates
  • Lower interest rates may apply where security provided
  • You have opportunity to receive a better interest rate based on individual circumstances and collateral provided
  • Members are eligible for cash rebates through our Patronage Program

Convenient and Flexible

  • Decisions are made quickly and locally, to ensure you get a response as quickly as possible
  • Manageable payments on a schedule that works for you

             - Payments can be made weekly, bi-weekly, semi-monthly or monthly (semi-annual available for farm loans)

             - Terms starting from 1 year onward

             - Payments can be made by automatic transfers

  • Borrow for a variety of purposes

             - Equipment purchases

             - Inventory investment

             - Short-term operating funds

             - Other

  • Payment can be made through a variety of channels

             - In person

             - Online Banking

             - Unity Credit Union Mobile App

             - Telephone

             - ATM

Peace of Mind

  • Loan insurance available

Information about your Loan

You have many different ways to access your account information or history

  • In-branch assistance  - 5 days a week
  • Immediate access via Online Banking or Mobile App
  • Monthly detailed statements including e-statements

Insurance for what matters most.

We offer loan insurance options for payment protection on business loans.  Our Account Managers can help you choose the options that are right for you.