BUSINESS VEHICLE LOANS
Local Decisions
Personalized Service
Flexible terms
Competitive Rates
Knowledgeable Experts
Community Partner
Turn the key and hear the sound of the engine enabling your employees in the field
to make appointed rounds, satisfy customers and generate sales.
to make appointed rounds, satisfy customers and generate sales.
A commercial vehicle—your panel truck, pickup truck, delivery van, utility vehicle, dump truck, box truck or automobile—can be as critical as your businesses' supply chain. Whether you’re a restaurant owner who needs to make deliveries; a plumber with house calls to fix broken pipes; or a construction worker whose tools are in the back of a van, commercial vehicles, keep your business rolling.
TAKE YOUR BUSINESS WHERE IT NEEDS TO GO.
FEATURES:
Up to 100% financing
Flexible repayment terms
Fixed rates
TYPES OF VEHICLES:
Box trucks
Limousines
Passenger vans
Tractor-trailers
Fuel trucks
Heavy-duty pickup trucks
Dump trucks
Cargo vans
Flatbed trailers
Why Choose TEGFCU For Your Business Vehicle Loan?
Working with TEG means working with a company that is based in the community, working for the community. We are well-versed in the issues that hit close to home because we are located close to home. TEG loan officers provide services that have been curated and tailored to meet your specific business needs. You concentrate on growing your business. TEG is concentrating on making the financing piece of the equation as easy as possible.
TEG is an accessible credit union that offers competitive rates and flexible terms, which enable you to negotiate or reevaluate a loan repayment.
Talk to an Expert. Give Leitha a Call Today.
Leitha Dickens
Manager of Business Development
Office:
Mobile:
Serving Dutchess, Orange, Ulster, Putnam, Sullivan, Westchester and Rockland County.
With more than two decades of experience, 15 of which have been helping TEG members, Leitha is a results-driven leader with a unique ability to provide both exceptional relationship management and strategic guidance. And with Leitha, you’re not only working with an experienced loan officer, but also a community member who has lived in the Hudson Valley all her life. Instead of generalizing your needs based on others in your same business category, Leitha listens to each business's goals, strategies and concerns. Part of assessing these necessities is prioritizing relationship building with each customer and guiding them to the ideal solution. Leitha’s greatest asset could possibly be the understanding she posseses of the Hudson Valley business community. Call her today.
“What a pleasure it was working with Leitha. I found her to be extremely knowledgeable and helpful.She followed through on everything to make sure the deal was done.”
WHO CAN APPLY?
As a local credit union, TEG serves a variety of Hudson Valley Businesses. If your business is in and/or does business in the NY counties of Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster, or Westchester, then your business is eligible for all the benefits of TEG Business Membership.
FAQs
What qualifies the vehicle to be purchased through my business?
It must be a vehicle used primarily for business purposes. Whether you need a simple sedan for getting around, or a commercial delivery vehicle to get your products into the hands of your customers, a Business Auto Loan can help keep your company moving ahead.
What are the key advantages of a Business Vehicle Loan?
- This type of loan tends to have a lower interest rate as compared to other business loans, because the vehicle itself acts as collateral for the loan.
- Loan terms are somewhat flexible, depending on the type, price, and age of the vehicle — as well as the credit history of your business.
- Your personal credit history will not necessarily affect your ability to obtain a Business Auto Loan. You may end up with a higher interest rate in some cases, but the loan is primarily based on the performance of your company.
- Depending on your line of work, having a good vehicle among your assets may help you grow your business. For instance, if it allows you to provide better, more consistent service to your customers.
How are monthly payments made?
Payments, of course, will be made directly by your business through recurring payments.
How can I inquire about a Business Vehicle Loan?
Contact TEG Federal Credit Union today to learn how we can help your business get the right vehicle for your needs.