Fuel your growth with a low-rate business loan
Get flexible financing for business vehicles, equipment, or working capital.
Overview
Grow your business with a flexible RCU loan designed to support your needs and build your equity. Whether you’re financing or refinancing your business autos and equipment, upgrading your fleet, investing in new machinery, expanding your operations, or looking for working capital, we have the funding and support you need.
Vehicles
Buy or refinance business cars, trucks, and cargo vans. Get fleet financing for 5 or more vehicles.
Equipment
Finance construction, manufacturing, agricultural, restaurant, office, or IT equipment.
Working capital
Fund operations and growth opportunities like product development, marketing, and inventory.
Suggested for you
Fleet services
Make fleet management easy with full service vehicle procurement and purchasing through RCU Auto Services.*
Not sure where to start? Let us help you.
Let’s determine the best loan for your needs and begin the application process together.
Section 179 is a valuable tool that can significantly impact your bottom line. It’s a strategic move that not only enhances your operational efficiency, but potentially optimizes your tax strategy."
Other business loan options
Get the funding you need to succeed
Finance your vehicles, equipment, or capital with terms that work for you.
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*RCU Auto Services is a wholly owned subsidiary of Redwood Credit Union.
Rates
Business Auto & Equipment loan application
To submit your completed application, email BusinessLoans@redwoodcu.org and request a secure link to upload your application. We’ll reply with your link and further instructions.
Need help?
If you have questions, please schedule a 15-minute call with one of our Loan Officers to guide you through the application submission process.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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