Last Updated: 04/18/2025
Lisbon Community FCU Business Equipment Loans
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Last Updated: 04/18/2025
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Highlights
Amount Range
N/A
APR (Fixed APR)
7.50% - 7.75%(Verified 06/21/2024)
Loan Term (Months)
5 - 10
Lisbon Community FCU Business Equipment Loans Review
Lisbon Community FCU Business Equipment Loans is a business financing offering by Lisbon Community Federal Credit Union, based in Lisbon, ME. Founded in 1959, Lisbon Community Federal Credit Union offers access to small business loans in 50 states (and Washington, DC).
Lisbon Community FCU Business Equipment Loans FAQ
What are Lisbon Community FCU Business Equipment Loans rates?
Lisbon Community FCU Business Equipment Loans offers a fixed APR business financing product that ranges from 7.50% APR up to 7.75% APR.
Does Lisbon Community FCU Business Equipment Loans charge an origination fee?
Yes, Lisbon Community FCU Business Equipment Loans charges a loan origination fee .
Does Lisbon Community FCU Business Equipment Loans charge prepayment fees?
Yes, Lisbon Community FCU Business Equipment Loans may charge additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a business loan product because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.What is the maximum business loan term you can get with Lisbon Community FCU Business Equipment Loans?
Lisbon Community FCU Business Equipment Loans offers small business loans with terms ranging from 5 to 10 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for Lisbon Community FCU Business Equipment Loans?
Lisbon Community FCU Business Equipment Loans requires companies to be in business for at least month
Lisbon Community FCU Business Equipment Loans does not require or does not disclose a credit score minimum. U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Lisbon Community FCU Business Equipment Loans.
To qualify, applicants may need to provide the following documentation:
- Business formation documents
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
Does Lisbon Community FCU Business Equipment Loans report your account activity to credit bureaus?
Yes, Lisbon Community FCU Business Equipment Loans reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Lisbon Community Federal Credit Union perform a hard credit pull?
Yes, Lisbon Community FCU Business Equipment Loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 12:00PM