LAPFCU offers a variety of loans to address your business’ financing needs.
We offer loans for new and used autos, trucks and other vehicles, with competitive terms at fixed or variable1 rates. You’ll pay no points, and you’ll receive up to 100% financing on single vehicles (up to 80% financing if two or more vehicles are financed at once).
Commercial Real Estate Loans
LAPFCU offers competitive financing on apartment complexes or business/residential property combinations, whether owner- or non-owner occupied, with a maximum term of 15 years2 amortized over 30 years—at up to 80% loan-to-value! Take advantage of 1 point at origination, then enjoy fixed rates up to 3 years (rates are re-priced every 3 years).
Revolving Lines of Credit
Our Business Revolving Lines of Credit can help support your short-term cash needs, provide seasonal working capital or allow you to take advantage of supplier discounts. One-year terms available with variable rates1 and 1 point at origination.
Business Platinum Rewards Visa
LAPFCU’s Business Platinum Rewards Visa® Card lets you designate multiple signers and personalize cards for each of your employees at no extra cost, and choose from three different statement cycles that suit your financial plan. The card also comes with $1 million in travel accident insurance3. Plus, with our Platinum Rewards Visa® Card, you can earn rewards points that let you get merchandise your small business needs, such as computers, printers, cash back rebates4 and more! You’ll get 0.00% introductory APR for six months5, zero fees on balance transfers, and we’ll waive the card’s $25 annual fee for the first year!
LAPFCU’s equipment loans can be used for purchases of machinery, equipment, printers or other needed assets. You’ll enjoy fixed rates, up to 75% loan-to-value and a term matched to the useful life of the asset or collateral (not to exceed 5 years7).
1Rates may increase/decrease during the loan term. 2Payment Example (Rate effective September 28, 2016): A 15-year loan for $300,000 amortized over 30 years at 5.000% fixed APR will have 180 monthly payments of $1,612.92 (principal and interest only, tax and insurance not included). 3http://usa.visa.com/business/why-pay-with-visa/travel-benefits/bft-trav-ins.html 4Cash rebates applied as a credit to share account balances. 5APR = Annual Percentage Rate. APR effective January 5, 2107. 0.00% introductory APR will continue for six months. After that the APR as of September 28, 2016 will be 11.25% to 17.90% based on your creditworthiness. This APR will vary with the market based on the Prime Rate. Rates are subject to change. 7Payment Example (Rate effective September 28, 2016): New Equipment Loan: A $5,000, 5-year fixed rate loan at 7.25% APR will have 60 monthly payments of $99.62 or $19.93 per $1,000. 0713-41F