Commercial Equipment Loans

Purchasing equipment is a significant financial undertaking. To help you preserve your working capital, we offer equipment and vehicles loans that can be customized to your cash flow.

Get a lift with our Equipment Loan.

  • Use to finance most equipment (computers, furniture, industry specific equipment)
  • Credit limits from $20,000 to $100,000
  • Fixed or variable interest rates
  • Finance 80% to 100% of retail or appraised value; 50% to 80% for specialized equipment such as oil drilling
  • Repayment terms up to 60 months
  • Monthly principal + interest payments
  • Flexible payments, depending on interest rate and term selected

Vehicle Loans

  • Use for luxury or commercial vehicles (subject to minimum balance)
  • Fixed or variable interest rates
  • Finance up to 80% of retail or appraised value
  • Repayment terms up to 60 months
  • Monthly principal + interest payments
  • Flexible payments, depending on interest rate and term selected

Loan Rates

Equal Opportunity Lender. The credit union makes loans and extends credit without regard to race, color, religion, national origin, sex, handicap, or familial status.

Will Generations consider my livestock as collateral for a loan?
May I use the loan proceeds to purchase new or used equipment?
How long do I have to repay the loan?
What information should I be able to provide for a business loan request?
Is a personal guarantee required?
What questions should I anticipate from GFCU?
What financial documents are needed during the loan application process?
Is my business eligible to even be considered for a commercial auto loan?
Is there a limit on the number of loans I can have at any given time?
I have collateral. What is the maximum amount I may borrow?
Does Generations provide financing for my commercial vehicle?