All VyStar Offices will be Closed on February 18, 2019, Presidents' Day.
VyStar business equipment loans are a great way to finance larger purchases, such as box trucks and utility work trucks, heavy construction and semi-trailers, medical/dental equipment, printing supplies and manufacturing tools. They are a particularly helpful option for doctors, small business owners, manufacturers or any member in the construction industry. We offer fixed interest rates with flexible terms up to 120 months and loan-to-value amounts up to 90% for many equipment types. Not sure if your equipment purchase will qualify for a loan? Below, you will find a detailed list of equipment types that are considered acceptable and unacceptable for a VyStar business equipment loan.
To apply for a equipment loan, your business must be established for one year or more. You will need to provide certain documentation upfront based upon the loan amount. The following chart may be used as a guide; however additional documentation may be requested upon review. Non-members may apply but must establish membership if approved.
Once you have applied for the loan, you will receive a final decision within three to 10 business days, depending on the complexity of the deal. The rate you get is based on the strength of the loan and the member’s relationship with VyStar.
*All loans are subject to credit approval, verification, and collateral evaluation, if applicable. All owners are required to give a full personal guarantee. Certain restrictions may apply. All credit union programs, services, rates terms and conditions are subject to change at any time. During the process of your loan application, additional documentation may be requested at any time regardless of credit, length or business, or loan amount.