Interested in becoming an owner operator? Need to finance fleet vehicles or equipment? We specialize in business vehicle financing ranging from semi-trucks to midsize and cargo vans.

New Business Vehicle Loans

• Borrow up to $145,000 for model years 2020-2022
• 20% minimum down payment
• Rates as low as 6.250% APR*
• Loan terms from 2 to 6 years
• No pre-payment penalty, so you can pay off the loan in advance without fees
• Application fee may be waived with 1% rate premium

Used Business Vehicle Loans

• Borrow up to $120,000 for model years 2016-2021
• 25% minimum down payment
• Rates as low as 7.000% APR*
• Loan terms from 2 to 4 years
• No pre-payment penalty, so you can pay off the loan in advance without fees
• Application fee may be waived with 1% rate premium

Underwritting Process

Items needed for the underwriting process for Commercial trucks and equipment loans UNDER $50,000:

• Commercial loan application fully completed
• Personal financial statement
• Bank statements for the last 2 months for all personal and business accounts
• Income verification for the last 2 months – copies of paystubs/paychecks or Profit and Loss statement
• Individual Federal Tax returns (signed) for most recent year, including 1099’s or W-2’s
• Business Federal Tax returns (signed) for most recent year (if applicable)
• Existing truck and trailer list, with any loans against equipment noted, including monthly payments
• Employment history form fully completed for past 10 years
• Copy of invoice (or Bill of Sale) for vehicle, signed by both parties
• Copy of Title for equipment being purchased (Salvaged Title cannot be accepted)

Items needed for the underwriting process for Commercial trucks and equipment loans OVER $50,000:

• Commercial loan application fully completed
• Personal financial statement
• Bank statements for the last 2 months for all personal and business accounts
• Income verification for the last 2 months – copies of pay-stubs/paychecks or Profit and Loss statement
• Individual Federal Tax returns (signed) for most recent three (3) years, including 1099’s or W-2’s
• Business Federal Tax returns (signed) for most recent three (3) years (if applicable)
• Existing truck and trailer list, with any loans against equipment noted, including monthly payments
• Employment history form fully completed for past 10 years
• Copy of invoice (or Bill of Sale) for vehicle, signed by both parties
• Copy of Title for equipment being purchased (Salvaged Title cannot be accepted)

Pay Your UFCU Loan

Pay your UFCU loans online with credit cards or eChecks from other financial institutions!

As a UFCU member you have the option to pay your UFCU loans with credit cards that are issued by other banks or credit unions. You may also pay directly from your checking and savings accounts from other banks or credit unions.

• Loan payments can be made online from any electronic device with internet access.
• Recurring payments can be scheduled.
• Fixed convenience fee^* for all payments (maximum dollar limit per transaction is $1,000).

For more information call (877) 968-7828.

*Convenience Fee of $29.00 applies to payments made using major credit cards or debit cards. Convenience Fee of $5.00 applies to payments made using electronic Check. Payments cannot be made using UFCU Visa Credit Card.