Start-up Loans
Our start-up loan is designed to support your small business in its beginning stages. Borrow up to $3,000 for equipment, inventory, education, and more. Start-up education classes are provided.
No profitability is required. 9.99% Fixed Annual Percentage Rate. 12-Month Term.
Start-up Loan Qualifications
To qualify for our Start-up Loan, you must meet the following criteria:
- In business for less than 2 years
- In business for more than 1 month
- Your business must already be established
(ex. completed at least 1 successful sale) - A Business Savings Account at East Idaho Credit Union
Business Auto Loans
East Idaho Credit Union offers low rate loan on car loans. If you are in the market for a new business vehicle, make sure you finance the loan through EICU to save yourself money.
Business Auto Rates
| APR* |
|---|
| 9.54% to 14.54% |
If collateral is 8+ years old, add an additional 0.50% qualifying rate
*APR=Annual Percentage Rate.
Rates effective as of APril 1st, 2023
Business Equipment Loans
From heavy-duty equipment to general-purpose machines, we can help you finance the equipment your business need.
Business Equipment Rates
| APR* |
|---|
| 9.74% to 17.24% |
If collateral is 8+ years old, add an additional 0.50% qualifying rate
*APR=Annual Percentage Rate.
Rates effective as of April 1st, 2023
Business Term Loans
A Business Unsecured Term Loan is perfect for your business if you are ready to expand or make some improvements along the way.
Get the cash you need at a competitive rate to operate your business the way you need to.
Business Term Rates
| APR* |
|---|
| 12.99% to 17.99% |
*APR=Annual Percentage Rate.
Rates effective as of January 1st, 2023
Business Line of Credit
A line of credit loan has extra protection if you want to make sure that your money is secured. Line of credit loans have a revolving line of credit with added checking account protection for your convenience.
A Line of Credit can be used for many different business necessities, including maintaining an even cash flow, buying equipment and funding projects.
Business Line of Credit Rates
| Secured APR* |
|---|
| 13.75% to 16.75% |
| Unsecured APR* |
|---|
| 14.75% to 18.00% |
Rates are determined off Wall Street Journal Prime Plus Margin. *APR=Annual Percentage Rate.
Rates effective as of January 1st, 2023
Business Credit Cards
With the Business Rewards Credit Card, you can purchase the things you need for your business and receive 1.25 points per dollar spent on every purchase.
For your first year, you will also receive an additional .75 points* per dollar spent on all purchases, making your rewards go up to a full 2.0 points per dollar on all purchases your first year. You don’t have to jump through any hoops to earn points on this Rewards Credit Card, you earn points on every purchase!
Promotional period of .75 bonus points begins the day the credit card loan is opened and continues for a rolling 12-month period. Once the promotional period ends, points will accrue at a total of 1.25pts per dollar spent. Bonus points will be added on a weekly basis during the promotional period. Some restrictions may apply.
Business VISA® Rates
| APR* |
|---|
| 15.75% to 18.00% |
Rates are determined off Wall Street Journal Prime Plus Margin. *APR=Annual Percentage Rate.
Rates effective as of April 1st, 2023
Commercial Real Estate
Competitive financing for commercial real estate. Our trusted lenders will walk you through each and every step of the commercial building loan process.
Commercial Construction
Ready to build the business that you have always wanted? Get low rates, flexible terms and the support of our team to guide you through the entire process.
Business Services
Growing your business is a top priority. We make accessing all of your accounts quick and easy so you can stay focused on your bottom line with these additional services.
