Credit Union Commercial and Business Loans

Whether you are managing cash flow, purchasing equipment, expanding your facilities, or investing in commercial property, P1FCU offers business financing for a range of operational and growth needs. Explore available Commercial Loan options and connect with a P1FCU Business Services specialist to discuss the financing structure that may fit your business.

Talk With a Business Lending Specialist
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Compare P1FCU Commercial Loan Options

Business Lines of Credit
Open a line you can access anytime with advance rates of up to 80% of eligible accounts receivable, inventory and equipment.

Commercial Real Estate Loans
Add to your property holdings or refinance existing commercial real estate loans with loan-to-value ratios up to 80%. Various terms are available, up to 10 years, with amortization periods up to 25 years.

Commercial Construction Loans
When your plans require expansion from the ground up, lock in a rate with this loan. Loan-to-value ratios can be up to 80% with loan maturities typically lasting one year.

Equipment and Vehicle Loans
Expand your fleet or purchase new equipment with this financing plan. Loan-to-value ratios can be up to 100% with terms of five to seven years, depending on the useful economic life of the equipment or vehicle purchased.

Working Capital Loans
Infuse your business with working capital you need today by tapping into the equity of your fixed assets. Loan-to-value ratios can be up to 80% of eligible equipment.

Maximum LTV, advance rate, repayment term, and other financing conditions depend on the collateral, business financials, requested amount, creditworthiness, and P1FCU underwriting.


Business Lines of Credit for Ongoing Cash-Flow Needs

A revolving line of credit can provide access to approved funds as business needs arise, rather than requiring a new term loan for each short-term expense. This may be useful for seasonal cash flow, inventory purchases, receivables timing, or other approved operating needs.


Commercial Real Estate Purchase and Refinance Loans

P1FCU provides financing for eligible commercial real estate purchases and refinancing. Borrowers can work with the Business Services Team to evaluate property value, loan structure, repayment term, and other financing requirements.

Purchase financing
 For acquiring an eligible commercial property.

Commercial real estate refinance
 For replacing an existing commercial property loan with new approved financing.


Commercial Construction Financing

Commercial Construction Financing can help eligible businesses build, expand, or substantially improve business property. The loan structure may differ from permanent commercial real estate financing because funds are typically tied to the construction project and completion process.

 

Finance Business Equipment and Vehicles

  • Commercial vehicles

  • Machinery

  • Manufacturing equipment

  • Agricultural or specialty equipment

  • Office or technology equipment

  • Other eligible business assets

Finance eligible equipment or vehicles needed to operate or grow your business. Available loan terms may depend on the purchase price, collateral value, expected useful life, and P1FCU underwriting. 
 

Working Capital Financing

Working capital loan
 A defined amount borrowed and repaid according to an approved loan structure.

Business line of credit
Reusable access to approved credit as eligible funds are borrowed and repaid.

 

Commercial Loan Rates, Terms, and Collateral 

Commercial Loan pricing and repayment terms can vary based on the financing type, requested amount, collateral, business financial condition, repayment capacity, guarantees, and other underwriting considerations. Connect with P1FCU's Business Services Team for current pricing and available loan structures.
 

What You May Need for a Business Loan Application

  • Valid identification.

  • Business tax returns for the past three years

  • Year-to-date business financial statements

  • Business debt schedule

  • Accounts receivable and accounts payable aging reports

  • Personal tax returns for certain guarantors or owners with more than 20% ownership

  • Individual financial statements for certain guarantors or owners with more than 20% ownership

  • Equipment list, when applicable

Documentation requirements vary by loan request and business. Additional information may be required during underwriting.
 
 
 

How to Apply for a P1FCU Business Loan

  1. Identify your financing needs.
     Determine whether you need a line of credit, commercial property financing, construction funding, equipment financing, or working capital.

  2. Gather business financial information.
     Use the P1FCU Business Loan Checklist to prepare relevant tax returns, financial statements, debt information, and supporting documents.

  3. Submit the business-loan application.
     Start your application by contacting a Business Services Representative.

  4. Work with P1FCU during underwriting.
     Provide any additional business, guarantor, collateral, or property information required.

  5. Review the approved loan structure.
     Confirm the amount, rate, term, payment schedule, collateral, guarantees, fees, and applicable conditions.

  6. Complete closing requirements.
     Finalize documentation before funds or credit access become available.


Work With a P1FCU Business Lending Specialist

P1FCU's Business Services Team works with businesses on lending, deposit accounts, and money-management needs. Business specialists are currently available across multiple P1FCU markets, including Lewiston, Meridian, Post Falls, and Ponderay.
 
 
 

Other Ways to Support Your Business



P1FCU currently offers Business Lines of Credit, Commercial Real Estate Purchase and Refinance Loans, Commercial Construction Loans, equipment and vehicle financing, and Working-Capital Loans. 


Yes. P1FCU currently offers revolving lines of credit and states that advance rates may reach up to 80% of eligible accounts receivable, inventory, and equipment, subject to approval and underwriting.


Yes. P1FCU currently provides financing for eligible Commercial Real Estate Purchases and Refinancing. 


Yes. P1FCU offers Commercial Construction Financing for eligible businesses building, expanding, or substantially improving commercial property. Loan structures and requirements vary by project and underwriting. 


Yes. P1FCU currently offers financing for eligible business equipment and vehicles, with available terms depending in part on the useful economic life of the financed asset.


P1FCU's current checklist includes business tax returns, year-to-date financial statements, a business debt schedule, accounts receivable/payable aging reports, and certain owner or guarantor financial documents. Requirements vary by application.


Commercial Loan pricing and repayment terms can vary based on the financing type, requested amount, collateral, business financial condition, repayment capacity, guarantees, and other underwriting considerations. Connect with P1FCU's Business Services Team for current pricing and available loan structures.


Some current P1FCU Business Loan products are explicitly structured around commercial property, receivables, inventory, equipment, or other assets. 


WORKING ON THIS ANSWER 


Yes. P1FCU maintains a dedicated Business Services Team with specialists across several markets in the Northwest and currently provides appointment scheduling at many local branches. To get started on an appointment, click below.