Business Loans


Webster First Federal Credit Union has been helping local businesses grow since 1928, offering low rates and flexible terms. Our dedicated and experienced commercial lending professionals will work with you to determine the right loan for your business needs.


Please note that you may be required to complete a Certification of Beneficial Ownership form to complete your loan.



Commercial Real Estate/Mortgage Loans

Webster First offers a variety of mortgage products to our Business members who wish to purchase, refinance, or expand commercial and investment properties.

  • Terms of up to 15 years with loan payment amortized up to 25 years
  • Financing for new land acquisition and development available
  • No pre-payment penalties, points, or application fees



Commercial Construction Loans

Whether your project is a single-family home, multi-lot subdivision, or commercial building (new or expansion), Webster First offers business construction loans that can meet your needs.

  • Interest only during construction phase (up to two years depending on project size)
  • Advances based on pre-approved construction schedule
  • No pre-payment penalties, points, or application fees



Business Term Loans

If you need to purchase vehicles for business use, heavy equipment, machinery, or require funds to meet other long-term needs.

  • Competitive rates and terms
  • Fully collateralized business loans
  • Maturity up to 7 years
  • 100% financing available (restrictions apply)



Business Line of Credit

Our working capital Business Line of Credit helps you meet your short-term cash flow needs.

  • Competitive rates with flexible terms
  • Designed for short-term needs (seasonal, growth, etc.)
  • Offers quick approvals
  • Renewed on annual basis
  • No annual fees



SBA (Small Business Administration) Loans

Webster First is an approved SBA lender, offering a variety of SBA loan options.

  • Acquisition or construction of commercial real estate (restrictions apply)
  • Finance working capital needs (secured and unsecured)
  • Acquire an existing business
  • Machinery/equipment purchases
  • We offer SBA's 7A, 504, and Express Loan programs



Letters of Credit

Webster First will issue Standby Letters of Credit to facilitate business transactions with third parties.



Our low rates, friendly service and convenient local branches are just some of the benefits that come with a Webster First business loan. For more information about our commercial services, visit a branch or call us at (508) 671-5121.