Fuel your growth with a low-rate business loan
Get flexible financing for business vehicles, equipment, or working capital.
Business Auto Loan Rate Sale1
Receive an additional 0.75% APR off new or used business auto loans or refinanced auto loans from another lender. Hurry! Offer ends 4/30.
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
Take advantage of our limited-time rate reduction to buy new or used business cars, trucks, and cargo vans. Get the discount on fleet financing, too.
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.3
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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1Discount effective 3/1/2025 through 4/30/2025. Rates, terms, and special offers subject to change. Discount for purchases and refinances of existing loans from another lender. Restrictions may apply. Rates are effective April 2, 2025 and are subject to change without notice. Certain restrictions may apply. New autos are defined as vehicles with less than 1,000 miles and may be financed up to 125% MSRP, depending on credit history. Used autos may be 10 years old or newer and may be financed up to 125% KBB value, for autos 11-15 years old may be financed up 110% KBB value depending on credit history and collateral condition. Payment sample: 60 mo. term per $1,000 borrowed: $19.58 at 6.49% APR. 36 month term only applies to purchases, refinanced loans excluded. Calculate Rates & Payments
2Consult a tax advisor for specific tax implications.
3RCU Auto Services is a wholly owned subsidiary of Redwood Credit Union.
Rates
RCU Business Auto Rates
Business Auto Loan Rate Sale through April 30th1
Receive an additional 0.75% APR off new or used business auto loans or refinanced auto loans from another lender. Hurry! Offer ends 4/30.
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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