Business Loans

Line of Credit allows you to borrow only as much as you need, precisely when you need it. A line of credit is most often secured by business assets, and is renewable annually. It's simple and easy to use, and is an excellent financial tool to:

• Cover short-term cash needs until accounts receivable can be collected
• Take advantage of supplier discounts
• Cover seasonal working capital needs

Term Loans are used to finance the acquisition or modernization of the company's productive assets. Term loans are commonly used for:

• Purchases of machinery, equipment, furniture or fixtures, and to make leasehold improvements
• Additions to long-term working capital
• Expansion or modernization of facilities
• Vehicles or other business transportation

The source of repayment is often generated by the enhanced cash flow from these assets. The loan period is determined by the productive life of the assets.

Commercial Real Estate Loans provide competitive financing for commercial real estate, including the purchase of existing buildings or refinancing current loans. These loans use the property as the required collateral, and often are used for:

• Commercial properties, both owner and non-owner occupied
• Rental housing
• Apartment complexes
• Combination business/residential properties

Recognizing that your real estate transaction may be unique, DHCU offers an innovative and flexible program to fit your needs. Commercial real estate loans are amortized over a set period of time, with payments and interest rates fixed over a 3 to 5 year term.

Contact our Business Services Manager directly, Shelley Groves at
309-796-7543. You can also email sgroves@dhcu.org.