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Purdue Federal Credit Union

Phone #: 800.627.3328
Routing #: 274976067

Financial Image

Business Banking
Loans

Planning to grow your business? With more than 60 years of combined business lending experience, Member Business Services loan officers have the expertise to find the best solution for your business. We offer a variety of short-term and long-term financing options with competitive rates and terms.

All loan approvals, underwriting, processing and servicing is done right here in our community so you always get the personal, professional service you expect.

  • Call 765.497.7422 to open a business account.
Equipment and Vehicle Loans
  • Secured Term Loans
  • Competitive Rates
  • Flexible Terms
  • No Pre-Payment Penalties
  • Origination and Documentation Fees May Apply
Credit Lines
  • Secured Line of Credit
  • Annually Renewable
  • Origination, Documentation and Renewal Fees May Apply
Real Estate Loans
  • Competitive Rates
  • Flexible Terms and Amortization Periods
  • No Pre-Payment Penalties
  • Mortgage-Related Expenses May Apply
SBA Financing

SBA 504 Loan Program - Borrower Advantages

  • Low Down Payment (10 -20%)
  • Low, Fixed Rate on the SBA portion
  • Long Term (10 to 20 years)
  • Finance soft costs and closing fees

Permitted Uses of 504 Loan Proceeds

  • Acquisition of vacant land for construction of a building
  • Acquisition of land and building
  • Leasehold improvements
  • Renovation of, or addition to a building
  • Acquisition of machinery and equipment
  • Associated soft costs:Title search and insurance, attorney fees, appraisals, environmental reports, architects, permits, surveys, installation of machinery, etc.

Businesses meeting membership requirements must complete and sign the Member Business Loan Application at the time of application and provide documentation as follows:

All Businesses/Borrowers

  • Entity Formation Documentation (if not on file)
  • Three Years of Corporate Federal Tax Returns (all pages, statements, forms and schedules)
  • Three Years of Financial Statements (profit and loss, and balance sheet)
  • Interim Financial Statements for Current Year

All Individuals/Guarantors

  • Three Years of Personal Federal Tax Returns (all pages, statements, forms and schedules)
  • K-1s for All Pass-Through Business Entities Reported on Schedule E
  • Current (signed and dated) Personal Financial Statement: Download Here
Loan Type Additional Required Documentation (as applicable)
Equipment
  • Current Equipment List, Valuation and Valuation Source
  • Current Debt Schedule
  • Purchase Orders, Invoices, etc.
Vehicle
  • Vehicle Identification Number (VIN)
  • Dealer Invoice or Purchase Agreement
  • List of Any Business Purpose Vehicle Modifications
Credit Line
  • Current Accounts Receivable Aging
  • Current Equipment and Inventory Listing with Values
Real Estate
  • Copies of Lease Agreements
  • Executed Purchase Agreement
  • Annual Rent Roll
  • Pro-Forma
  • Call 765.497.7422 to open a business account.

See our Guide to Member Business Services for full disclosures.


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