Five Star Rating For Our Financial Strength And Superior Service
TFCU Commercial Business, Services and Loans Banner

Business Vehicle Financing

You can apply for Business Vehicle Financing for a business vehicle that will be titled and registered in your businesses name. Loan terms can be up to seven years for all vehicle loans based on credit approval.

  • Loan amounts from $5,000 - $250,000
  • Interest rate is prime rate (fixed) for new vehicles with a loan term of 1 -5 years
  • Interest rate is prime rate (fixed) + .25% for new vehicles with a loan term of 6-7 years
  • Interest rate is prime rate (fixed) + .25% for usedvehicles with a loan term of 1 -5 years
  • Interest rate is prime rate (fixed) + .50% for used vehicles with a loan term of 6-7 years
  • New and used business vehicles are eligible
  • Maximum loan to value for all vehicles is 80%
  • Used vehicles will be limited to a maximum age of 5 years including the current model year
  • Minimum of one year business longevity required

Application Form

To apply, print out the following forms and drop off at your nearest TFCU branch or mail to: Business Lending Department, TFCU, PO Box 9005, Smithtown, NY 11787-9005.

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

  1. Business Vehicle Financing Application
  2. Application Ownership Section

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 business@teachersfcu.org.

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.

Share Branch NCUA Equal Housing Lender