IH Business Line

We are proud to offer business lines of credit. 

Secured lines: maximum amount determined based on collateral pledged

Unsecured lines: up to a maximum of $50,000

Rate: starts at prime +2% based on underwriting

Payment: 3% of outstanding balance, payable monthly

Loan fees: $500 to open the loan, can be paid separately or included as an advance as part of the line of credit.

Term: One year term, renewable annually at credit union’s discretion

Underwriting Time: Up to 14 days, depending on documentation required

For more information, please contact Lori Hutchinson our Business Development Relationship officer.

lorih@ihcreditunion.com

Cell: 937-267-6758

Office: 937-390-1800

NMLS ID: 473487