Commercial Real Estate Loans

Telhio will offer loans for the purpose of purchasing or refinancing commercial or industrial real property. We have an expert staffed well versed in SBA and other Public Sector financing options to provide our members with the very best product for their commercial real estate needs. We can offer loan terms up to 20 years on most commercial or industrial property.
 
Business Term Loans

Telhio will offer term loans for any business purpose including the purchase of capital assets, facility remodel or expansion, permanent working capital, business acquisition, refinance or business debt consolidation. We have the knowledge and experience to partner with other programs when possible to offer the best option to our members for whatever their business lending needs may be. Loan terms can be up to 10 years depending on collateral options.

Short Term Loans

Telhio will offer short term business loans to our members for the purpose of payroll, working capital or short term payable obligations. Telhio may make working capital or seasonal loans that provide temporary capital in excess of normal needs and are repaid at the end of the cycle or season, by converting inventory and accounts receivable into cash. Loan terms are dependent upon collateral options.

Revolving Lines of Credit

Revolving line of credit financing with Telhio Credit Union can be an excellent method for financing your business. With a line of credit, Telhio will lend a specific amount to a member’s business , and after it has been repaid the amount can be borrowed on again. This could give our member owned businesses the peace of mind that additional capital is available if needed.

The following is a list of information which may be requested for applicants

• History and description of the business
• Specific use of the loan proceeds
• Company balance sheet, income statement, and statement of cash flows for the past 3 years
• Company Federal Income Tax returns for the past 3 years
• Current balance sheet and income statement (must be less than 90 days old)
• Two year projected income statements (break out interest, depreciation, and officer salaries) as well as a two year projected balance sheet
• Plans, specs and cost estimates (for construction projects)
• Schedule of outstanding debt
• Accounts receivable and accounts payable aging
• Personal financial statements of 20% owners (please date and sign each of these)
• Most recent 3 years personal tax returns of 20% owners (please date and sign each of these)
• Appraisal by qualified appraiser (if applicable)
• Environmental Questionnaire or formal assessment, if required
• Resumes of key management
• Lease or Purchase Agreement
• Partnership Agreement (if applicable)
• Articles of Incorporation (if applicable)
• Franchise Agreement (if applicable)

Contact our Business Lender Representative today to learn more about Business Services at 614-221-3233 extension 8210.