Borrowing

Please select from the options below:

Mortgages

Superior Credit Union provides financing for the purchase of land and buildings and major renovations and expansions for your business. We offer the advantage of longer amortized periods to keep your monthly payments reasonable. Rates can be fixed or floating based on individual preferences. Third party appraisals are generally required.

Loans

Superior Credit Union Term Loans will help fund assets to help your business grow. Purchase machinery and equipment or, expand your business, our financing options will help you fund your long-term assets. Payments may be made over several years based on the useful life of the asset and qualified by debt servicing capacity of your business. Rates can be either floating or fixed.

Operating Lines of Credit

Superior Credit Union can help you with the flexibility of short-term working capital for financing day-to-day operations, accounts receivable and inventory, that revolves or fluctuates based on your cash cycle.

Letters of Credit

A letter of credit is generally provided to a supplier or third party that requires a guarantee that payment from you is not at risk. Costs are by way of set-up fees and standby charges versus interest.

Business Loan Insurance

Business loan insurance is available for coverage of all loan facilities at competitive rates through CUMIS (Credit Union Member Insurance Services).

Merchant and Debit Card Service

Superior Credit Union can help you with point of sale terminals and direct deposit to business account, accepting all major debit and credit cards.