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Loan Programs
Let one of VyStar's experienced Business Relationship Specialists help you find the best financing solutions for your business. From business real estate to vehicle loans, our flexible repayment terms and competitive interest rates are sure to get you the loan best suited for your growing business needs. Our Business Services professionally trained team is ready to assist you and will help design a financial services program specifically for you.
- NO CLOSING COSTS Business Real Estate Loans
With a VyStar Commercial Mortgage, you and your business will benefit from our flexible options that include low monthly payments, competitive fixed and variable rates, and long amortization periods. Right now, VyStar is offering its Business members a no closing costs program offer on commercial real estate loans. You may qualify for no closings costs up to 2% of the loan amount for owner-occupied and investment properties.* Let us help you purchase or refinance your owner-occupied building, office building, residential investment property, apartment complex, or certain other specialty property types. Contact one of our Business Relationship Specialists today. *Business Loan No Closing Costs program offer is only available for purchase and refinance of non-VyStar Credit Union business real estate loans. All loans are subject to credit approval, and certain restrictions and limitations apply. VyStar will pay borrower closing costs up to a maximum amount of 2% of the loan amount excluding real estate taxes, liens or any prepaid interest or funds. Program only applies to business real estate loans with a minimum term of 5-years and a max amortization of 25-years. If the borrower pays off the business loan within the first 60 months, they will be required to reimburse VyStar for a portion of the closing costs paid by VyStar. Expenses collected during the loan process will be credited back on the settlement statement at loan closing as applicable per the program guidelines. Program is subject to change without notice.
- Business Equipment Loans
VyStar Equipment Loans are a great way to finance large equipment purchases. Variable and fixed interest rates are available and loan-to-value amounts up to 80% for many equipment types including heavy construction, medical/dental, printing, semi-trailers, manufacturing, and others make VyStar Equipment Loans a great choice for your business.
- Vehicle Loans
As a leader in vehicle financing within the markets we serve, VyStar can help your business finance cars, trucks, vans, box trucks, tow trucks, wreckers and semi-tractors. With competitive fixed and variable rates available, terms as long as 60 months, and loan amounts up to 80% of the vehicle purchase price, VyStar is the right choice for your next business vehicle loan.
- Business Line of Credit
Better manage your business’ working capital. With credit limits between $25,000 and $100,000 available, low interest-only payments and the flexibility to take draws and make principal payments on your schedule, a Business Line of Credit can help your business in many ways. VyStar’s Business Line of Credit must include the personal guarantee of all business owners, may be secured by equipment, vehicles, real estate or liquid assets, and cannot be used for overdraft protection. To qualify, businesses should have at least 3-years of continuing operations and be in good standing.
- Business Platinum Rewards Visa® Cards
VyStar's Platinum Rewards Visa credit cards are loaded with features and benefits. With credit limits of up to $50,000 and very competitive interest rates, the VyStar Platinum Rewards Visa credit card will give you and your business the flexibility to make timely purchases. You will earn UChoose Rewards® points on eligible purchasesand when you shop in-store and online at "participating retailers", as well as enjoy the following additional benefits.
- No Annual Fee
- ATM Cash Advances
- Travel and Accident Insurance up to $500,000
- Use your Platinum card anywhere Visa is accepted
- Purchase Security and Extended Protection Program
- Travel and Emergency Assistance Services
- Auto Rental Collision Damage Waiver Program
- Visa Liability Waiver Program
- Share-secured Loans
Use your available cash to your advantage by borrowing funds secured by a VyStar Certificate of Deposit. Loan amounts available as low as $2,500, repayment terms of up to 60 months, and interest rates as low as 2% over the corresponding CD rate.
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