Manufacturing

Our Manufacturing loan is crafted to empower entrepreneurs in the manufacturing sector, providing financial assistance for various purposes, from equipment and raw materials to marketing and technical support.

  • Loan Purposes: Future making, sewing/tailoring, equipment and raw materials, marketing and technical support, distribution and retailing.
  • Loan Size: Up to $150,000
  • Loan Term: 5 years
  • Interest Rate: 15-20%
Category:

Supporting Documents for Loan Application

To facilitate a smooth application process, we require the following documents:

  1. Income/Expense Statements: Providing detailed financial statements helps us to assess your business’s current financial health.
  2. Bank Statements: A history of your business transactions provides insight into your financial stability and management.
  3. Income Tax Return: Submission of your income tax return is essential for a comprehensive understanding of your business’s financial status.
  4. Business Development Plans: Outlining your business development plans allows us to align your support with your growth strategy.
  5. Business Registration License: Proof of business registration is necessary to verify the legal standing of your enterprise.
  6. Trade License Certificate: A valid trade license is crucial for manufacturing activities and ensures compliance with local regulations.
  7. Cost Estimates: Providing detailed cost estimates for your manufacturing activities helps us evaluate the financial aspects of your loan request.

How to Apply:

Applying for our Manufacturing loan is easy! Visit one of our branches to pick up an application form. Our friendly staff is ready to assist you through the application process and answer any questions you may have.

At Toledo Teachers Credit Union, we are committed to fostering the growth and success of local manufacturing enterprises. Take the next step toward achieving your manufacturing goals with our Manufacturing loan product.

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