Business Services
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Business Loan Services
Local Focus — Local Decisions
The success of your business provides the focus of our business lending program. That’s why Interra offers a variety of business loans designed to help keep your business running smoothly. You can count on Interra to provide the resources you need with convenient terms and competitive rates. Learn more about the application process.
- Lines of Credit
- Term Loans
- Commercial Real Estate
- Investment Properties
- Church Financing
- Application Process
- Business Visa Program
Lines of Credit
The line of credit is a cost-efficient, convenient way to finance your business’ operating expenses. You can access your line a number of convenient ways, including Interra online banking, available for you 24/7.
Term Loans
For your equipment, machinery, improvements and expansion financing, you’ll find term loans for your unique business needs, with flexible terms and competitive rates. We also offer transportation and business vehicle financing.
Commercial Real Estate
Interra offers commercial real estate loans for purchases, refinances, and expansion projects for both owner-occupied and non-owner-occupied properties. We can customize a loan package to meet your needs. We offer competitive rates, extended terms, and low fees for commercial real estate loans.
Investment Properties
Mortgage loans for investment and rental properties are available at Interra. We have loan programs for single unit, duplex and multi-unit properties at competitive rates, low closing costs and attractive terms.
Church Financing
If your church is planning to buy, build, expand or refinance, Interra can help. We can customize a loan program to help you meet your specific goals and objectives. We offer competitive rates, low closing costs and attractive terms.
Application Process
Please contact a business loan officer to apply. Our professional, experienced business lenders will help you plan and attain your business goals. To help us customize the loan to fit your needs, please be prepared to provide the following:
- Personal Financial Statement
- Tax Returns for the past three years
- Year-to-date financial statements
Business Visa® program
The Business Visa program is available to business and organization members. It includes the convenience of individual cards and the spending control of individual credit limits. The Business Visa comes with an online account management system to manage your cash flow and track employee expenses.
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Low, competitive rates
- No annual fee
- Rewards
- Online account access
- Customized and multiple card programs to fit your business needs
Applying is easy:
- In person at any Interra office;
- By phone, just call 574.534.2506, or 888.432.2848; or
- Download the application, complete it and then mail, fax or drop it off at any office location.
Visa Business Card:
| Interest Rates & Interest Charges | |
| Annual Percentage Rate (APR) for purchases |
9.90% |
| APR for balance transfers | 9.90% |
| APR for cash advances | 9.90% |
| Paying Interest |
Your due date is at least 25-days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date. |
| Federal Reserve Board credit card tips |
To learn more about factors to consider when applying for or using a credit card, visit federalreserve.gov/creditcard. |
Fees None Transaction fees:
Set up and maintenance fee
Replacement/additional cards
Check/draft copy
Statement copy
Additional reports
Foreign transactions
$5.00
$3.00
$1.00
$5.00
Up to 1% of each transaction in U.S. dollars
Penalty fees:
Late payment fee
Returned payment
$17.00
$ 5.00
How we will calculate your balance: We will use a method called "average daily balance" (including new purchases). See your account agreement for more details.
Billing rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.
The information about the costs of the card described above is accurate as of 6/1/2010. This information may have changed after that date. To find out what may have changed, call 574.534.2506 or write to Interra Credit Union, PO Box 727, Goshen, IN 46527.
