Business Real Estate
Saratoga's Community Federal Credit Union is pleased to offer members Investment and Commercial Loans through a relationship with First New York Federal Credit Union. For more information on products and services please contact Bill Chow and let him know you are a Saratoga's Community Federal Credit Union member.
Contact Information
First New York Federal Credit Union
518.393.1326
Vehicle & Equipment Loans
|
Loan Type |
Annual Percentage Rate (APR) |
Details |
|
Vehicle Loans |
10.00%
Index + Margin:
Prime + 2.00%
|
Payment:
Variable
Term:
Up to 72 Months
|
|
Equipment Loans |
13.00%
Index + Margin:
Prime + 5.00%
|
Payment:
Variable
Term:
Up to 72 Months
|
|
Multi-Purpose Lending For Owner Operated Businesses |
Request a Quote |
Financing offered through a relationship with Newtek Small Business Finance, Inc. |
|
|
Business Lines of Credit
|
Loan Type |
Annual Percentage Rate (APR) |
Details |
|
Business Ca$hFlow Line of Credit1 |
18.00%
Index + Margin:
Prime + 11.00%
|
Payment:
Variable
Term:
Open
|
|
Business VISA® Credit Card & Secured Business VISA® Credit Card |
14.00%
Index + Margin:
Prime + 6.00%
|
Payment:
Variable
Term:
Open
Rates & Terms
|
|
Savings Secured Line of Credit |
9.00%
Index + Margin:
Prime + 1.00%
|
Payment:
Variable
Term:
Open
|
|
|
Business Real Estate Loans
|
Loan Type |
Annual Percentage Rate (APR) |
Details |
|
Business Real Estate |
10.25%
Index + Margin:
Prime + 2.25%
|
Payment:
Fixed
Term:
Up to 180 months
|
|
Real Property Improvement |
11.00%
Index + Margin:
Prime + 3.00%
|
Payment:
Variable
Term:
Up to 180 months
|
|
Business Line of Credit Secured by Real Estate |
11.25%
Index + Margin:
Prime + 3.25%
|
Payment:
Variable
Term:
Up to 180 months
Draw Period
10 Years (included in repayment term)
|
|
1 to 4 Family, Investor, Non-Owner Occupied Mortgage |
Personalized Quote |
Term:
Up to 15 year term with 30 year amortization |
|
Owner Occupied Real Estate |
Request a Quote |
Financing offered through a relationship with Newtek Small Business Finance, Inc. |
|
Investment Property Financing |
Request a Quote |
Financing offered through a relationship with First New York Federal Credit Union. |
|
Commercial Real Estate Loans |
Request a Quote |
Financing offered through a relationship with First New York Federal Credit Union. |
Small Business Authority (SBA) Loans
|
Loan Type |
Annual Percentage Rate (APR) |
Details |
|
SBA 7(a) Loan Program |
Request a Quote |
Financing offered through a relationship with Newtek Small Business Finance, Inc. |
|
SBA CDC/504 Loan Program |
Request a Quote |
Financing offered through a relationship with Newtek Small Business Finance, Inc. |
VISA®
|
|
Index + Margin |
APR* |
|
Business Visa® |
Prime + 6.00% |
14.00% |
|
|
|
Disclosure Information |
Business Visa® |
|
Annual Percentage Rate for Purchases |
14.00% |
|
Cash Advance |
14.00% |
|
Balance Transfer |
14.00% |
|
Grace Period for Purchases |
25 Days |
|
Method of Computing the Balance for Purchases |
Average Daily Balance (Including New Purchase) |
|
Annual Fee |
None |
|
Minimum Finance Charge |
None |
|
Transaction Fee for Purchases |
None |
|
Foreign Transaction Fee |
2% of transaction amount |
|
Balance Transfer Fee |
None |
|
Late Payment Fee |
$27.00 |
|
Over-the-Credit Limit Fee |
None |