Equipment Loans

1st Community Federal Credit Union wants to be your partner by providing borrowing solutions for your business needs. Whether your business is large or small, 1st Community has borrowing, investment and technology to support your business in our ever-changing environment to make you successful. Contact Julie Mills, Business Loan Officer 325/224-3645 jmills@1cfcu.org or Corina Casas, Sr. Mortgage/Business Lending Assistant 325/224-3646 ccasas@1cfcu.org  today to find out more about the products and services that best fit your needs.

Equipment Loans

Loan TypeAPR * as LOW as: (Purchase or Refinance)Maximum Amount Financed:Maximum Term:
Purchase or Refinance of Equipment (includes ag. equipment, commercial grade equipment, other non-titled equipment, etc.)6.00 - 7.75% APR *Purchase: 80% of purchase price or market value, whichever is less. Refinance: 80% of market value60-180 months, depending on the type, quality, age and useful life of the equipment
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* APR – Annual Percentage Rate.  Rates are determined by risk, collateral, term and capacity of the business to service their debt. All Rates subject to change. We are an Equal Credit Opportunity Lender and an Equal Housing Lender. Member NCUA.