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Business Line of Credit

A business line of credit gives your business access to cash, whenever you need it, up to a pre-specified amount. The main advantage of a line of credit is flexibility.

Funds will always be available to you, when you need them, but you pay no interest until you draw on the line. This makes a line of credit an excellent resource to have at your disposal in case of an emergency. Your line can be secured or unsecured, with multiple repayment options, and a variable interest rate.

A business line of credit is great for a variety of ongoing or short-term financing needs. Use the funds to improve your cash flow, purchase inventory, materials and equipment. Revolving credit lines are also very useful to use as overdraft protection on a business checking account.

Current Prime Rate = 5.50%

  • Maximum loan: $250,000
  • Variable Interest Rate: Prime Rate + Margin, adjusted quarterly
  • $500 packaging fee on term loans and line of credit loans $100,001 and above

Application Form

Your business must have longevity of at least one year to complete this application. Apply online here.

TFCU Business Loan & Line of Credit Application

Personal Financial Statement
(For loans higher than $25,000)

For any help in completing this application or if your business has less then one year longevity, please call a TFCU Business Development Officer at 631-698-7000 x 1687 or at

Loans are subject to credit approval.
Business owners must be members or eligible for membership at TFCU and must provide personal guarantees for loan request.
Rates subject to change.