Business Lines of Credit


Local Decisions

Personalized Service

Flexible terms

Competitive Rates

Knowledgeable Experts

Community Partner

Staying ahead of the game and being financially prepared can give businesses that extra edge they need. By having cash reserves to draw upon in case of an emergency, you are ready for whatever curveballs life throws your way - so don't let opportunity pass you by!
Owning a business is no walk in the park. Surprises are just part of the game, from unexpected costs to market shifts, and sometimes luck isn't enough. To remain resilient against any curveball thrown your way, be sure to gain access to a TEGFCU Business Line of Credit for added security and flexibility.


A line of credit for your business can put you in a strong position when the unexpected—good or bad—unfolds. Draw what you need when you need it. A pre-set limit defines your borrowing; you can use all or some of that total amount. There is no specific use of the money designated by the borrower, and there are no payments until you use the revolving line of credit.

Financing available from $1,000 to $100,000. Larger limits available if secured by real estate.

Interest rates based on prime plus a margin.

A revolving line of credit has no limit on the number of times you can draw or advance.

Interest only payments on secured lines of credit.

No cash advance fees.

Monthly principle & interest payments - minimum 2.4% of outstanding balance.

Online banking offers easy access to your cash, and for making payments.

Why Choose TEGFCU For Your Business Line of Credit?

Working with TEG means working with a locally-based company that is dedicated to serving the local community. Our familiarity with local issues makes us well-equipped to provide tailored services that meet the individual needs of your business. You can focus on growing your business while we focus on making the financing process as simple 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



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. Call her today.​


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.

“In my 23-plus years in the financial industry, rarely have I met a commercial lender with the level of knowledge, compassion, creativity, and professionalism as Leitha. She is an advocate for her clients at every step of the process; Leitha is responsive and committed to her client's success. She is my commercial lender for life, and would highly recommend her to anyone.”


If you’re interested in getting a line of credit for your business, Call us today at 845.452.7323, visit us at any branch or CONTACT US here.

You could get an unsecured line of credit that does not require collateral. But it could cost you more. With unsecured lines of credit, the interest rates can be higher because lenders are taking a larger risk in lending to you.

Once you receive approval for a line of credit and agree to the financier’s terms, the mechanics of a business line of credit are pretty easy to understand.

You can use the funds from the line of credit for any business-related expenses—you can even withdraw them as cash to use for business purchases.

If you don’t repay the financier for any funds used within a statement period, your account will accrue interest.

Generally, you don’t want to spend too close to your credit limit for too long—this situation sends a warning to your lender that your business might be struggling.

 A huge benefit of a business credit line is that you then only pay interest on and have to repay the money you actually use from your line of credit. To repay you would usually make monthly payments on the amount you’ve borrowed.