With a Dupaco business loan or business line of credit, you can purchase equipment, machinery, titled goods and other working capital assets at affordable rates.
Dupaco’s business experts will work with you to structure the financing you need to get your business up and running, expand your existing operation or simply make things run more smoothly day to day.
Business Loans
Dupaco’s business loans allow you to purchase capital assets and major equipment in a familiar way: you’ll make a cash down payment and sign a security agreement. Then you’ll have the money you need to get yourself up and running or expand your existing operation.
Dupaco helps you set your business up for success with loans to purchase equipment, machinery, titled goods and other working capital assets. A form of collateral (such as equipment, machinery, real estate, titled goods or UCC filing) is required for this loan.
- Fixed interest rates (up to 5 years)
- Terms up to 7 years
- Down payment of 20% cash or trade-in equity required
- Unlimited guaranty of majority ownership (minimum 51% ownership)
Interest rates will vary based on but not limited to age of collateral, cash flow, credit score, debt-to-income ratio, loan-to-value, etc. Loan is subject to fees including but not limited to normal closing costs associated with the recording/filing of all collateral documents, legal counsel review & origination fee.
Loan-to-Value
| Real estate (lower of appraisal or market value) | 80% or less |
| New titled items/equipment/machinery with purchase contract | 80% or less |
| Accounts receivable (monthly financials/borrowing base certificate) | 75% or less |
| Used titled items without purchase contract | 60% or less |
| Used equipment without purchase contract | 50% or less |
| Inventory (monthly financials/borrowing base certificate | 50% or less |
Application Requirements
Please be prepared to provide the following documents as part of your loan application.
- 3 years of personal tax returns
- 3 years of business tax returns (if applicable)
- Interim financials (if applicable)
- Up to date personal statement
Purchase contract and any other documents to ensure clear title to the collateral are required prior to funding.
Dupaco makes it easy to purchase agricultural, commercial or investment real estate for your business. The real estate you purchase will be used as collateral for this loan.
- Adjustable rate mortgage (fixed for a maximum of five years)
- Terms up to 20 years
- Financing up to 80% loan-to-value
- Required down payment of 20% cash down based on lower of purchase price or appraised value
- Unlimited guaranty of majority ownership (minimum 51% ownership)
An appraisal is required in most situations. Interest rates will vary based on but not limited to age of collateral, cash flow, credit score, debt-to-income ratio, loan-to-value, etc.
Loan is subject to fees including but not limited to appraisal, normal closing costs associated with the recording/filing of all collateral documents, abstracting or title insurance, legal counsel, flood search & origination fee.
Application Requirements
Please be prepared to provide the following documents as part of your loan application.
- 3 years of personal tax returns
- 3 years of business tax returns (if applicable)
- Interim financials (if applicable)
- Up to date personal statement
Purchase contract and any other documents to ensure clear title to the property/collateral are required prior to funding.
Build, rehab or renovate your commercial, farm or investment real estate with a construction loan from Dupaco.
- Adjustable rate mortgage (fixed rate for a maximum of five years)
- Terms up to 20 years
- Required down payment of 25% cash down or build-out/construction costs
- Financing up to 75% of the build-out/construction costs
- Unlimited guarantee of majority ownership (minimum 51% ownership)
- Appraisal required
Interest rates will vary based on but not limited to age of collateral, cash flow, credit score, debt-to-income ratio, loan-to-value, etc. Loan is subject to fees including but not limited to appraisal, normal closing costs associated with the recording/filing of all collateral documents, abstracting or title insurance, legal counsel review, flood search & origination fee, constructions draws, etc
Application Requirements
Please be prepared to provide the following documents as part of your loan application.
- 3 years of personal tax returns
- 3 years of business tax returns (if applicable)
- Interim financials (if applicable)
- Up to date personal statement
- Build-out/construction costs
Purchase contract and any other documents to ensure clear title to the property/collateral are required prior to funding.
Business Line of Credit
A Dupaco business line of credit provides flexible, short-term financing for business operations and working capital. You can use real estate, inventory, accounts receivable, titled items and/or equipment as collateral for this loan.
- One year term (may be longer if secured by real estate)
- Variable rate with monthly interest payments based on the average balance
- Advances can be made by phone, or at any branch
- Conveniently make payments via Shine Online or Mobile Banking, by phone, or in person at any branch
The line of credit can be renewed after the initial term if there is no adverse change in ability to repay, collateral condition, LTV, financial strength, line-of-credit movement (principal pay down), etc.
Interest rates will vary based on but not limited to age of collateral, cash flow, credit score, debt-to-income ratio, loan-to-value, etc. This loan is subject to fees including but not limited to normal closing costs associated with the recording/filing of all collateral documents, legal counsel review and origination fee.
Loan-to-Value
| Real estate (lower of appraisal or market value) | 80% or less |
| New titled items/equipment/machinery with purchase contract | 80% or less |
| Accounts receivable (monthly financials/borrowing base certificate) | 75% or less |
| Used titled items without purchase contract | 60% or less |
| Used equipment without purchase contract | 50% or less |
| Inventory (monthly financials/borrowing base certificate | 50% or less |
Application Requirements
Please be prepared to provide the following documents as part of your loan application.
- 3 years of personal tax returns
- 3 years of business tax returns (if applicable)
- Interim financials (if applicable)
- Up to date personal statement
Monthly financials (Balance Sheet & A/R Aging Report) are required for lines of credit secured by inventory and accounts receivable.
Request an application
Ready to apply for a business loan? Request an application online or by giving us a call at 800-373-7600, ext. 203.
Learn more
Want to learn more about how we can help you grow your business? Give us a call at 800-373-7600, ext. 234.
