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Secured Business Loans

Get capital to reach your growth goals

It can be a challenge to get all the equipment, machinery, or vehicles you need to be successful. With our secured business loans, you can make affordable payments on all of these physical assets you need for your growing company.

Business New Auto Loan

Rates as low as
5.74 % APR*

  For 12-36 Month Term 

  • Competitive rates
  • Amounts from $5,000 to $50,000
  • Terms from 12-60 months
  • No loan origination fees

Business Used Auto Loan

Rates as low as
5.94 % APR*

  For 12-36 Month Term

  • Competitive rates
  • Amounts from $5,000 to $50,000
  • Terms from 12-60 months
  • No loan origination fees

Business Equipment Loan

Rates as low as
7.19 % APR*

  For 12-36 Month Term

  • Competitive rates
  • Amounts from $5,000 to $50,000
  • Terms from 12-60 months
  • No loan origination fees

Business Equipment and Vehicle Loans

Our Secured Business Loan provides fixed-rate financing with predictable monthly payments for the purchase of equipment, machinery, or vehicles. With this installment loan, you’ll get a quick approval with minimal underwriting requirements.

All businesses are unique and are subject to approval and review.

Business Loan Details
Qualifications
  • Minimum of one year in business under current ownership
  • Minimum of $50,000 in annual revenue
  • 18 years or older
Available Terms
  • 12-60 Months
Available Amounts
  • From $5,000 to $50,000
Typical Uses
  • Business Vehicles
  • Business Trailers
  • Equipment/Machinery
  • Commercial Appliances
  • Lawn Care Mowers
  • Tractors




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Business Loan Resources

Amortizing Loan Calculator

Calculate your monthly payment. Get Your Payment

Loan & Credit Line Payment Calculator

Find out exactly how to get to the payment you need. Get Your Payment

Line of Credit Payoff

Find out what it takes to pay off a line of credit. Run the Numbers

Explore Different Business Loan Options

Business Line of Credit

Offers flexibility and can be used for whatever you need. Learn More our Line of Credit

Secured Business Loans

Acquire, replace or upgrade your equipment or vehicles. Learn More our Business Equipment and Vehicle Loans

Disclosures

*APR = Annual Percentage Rate. Rates are subject to change without notice. Each application is evaluated on an individual basis. Loan advances are granted based upon the applicant(s) credit history, ability to repay, purpose, stability and collateral.  Loan advances are not granted based upon method of repayment.  On variable rate loans, the Annual Percentage Rate (APR) for new advances and existing balances is based on an index which is the highest Prime Rate as published in the Money Rates section of The Wall Street Journal on the 15th day of the month for the preceding three months and is subject to change monthly. The index figure is posted in the lobby of each credit union office. 
Auto and Equipment Rates shown reflect available rate discounts. Members Choice members can get up to .30% in rate discounts: .10% for an automatic loan payment transfer from an MCCU checking account, .10% for checking account direct deposit at the time of funding, .10% for a new or increased Credit Card. Variable Rate Business Lines of Credit do not qualify for rate discounts.
 
 
If not currently a Members Choice member, a $5 deposit is needed to establish membership. All memberships and credit products are subject to approval including credit approval.