Tourism

Our Tourism Loan is designed to fuel the growth and development of businesses in the tourism sector. Whether you’re looking to enhance your equipment, invest in vehicles or boats, receive training, or develop and expand tourist facilities, our loan is tailored to support your journey in the dynamic tourism industry.

  • Loan Purposes: Equipment, vehicles/boats, training, business development plans, tourist facility development, operation & administration
  • Loan Size: Up to $75,000
  • Loan Term: 5 years
  • Interest Rate: 13-18%
Category:

Supporting Documents for Loan Application

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

  1. Business Registration/License: Proof of your business’s legal standing is crucial for loan approval.
  2. Trade License Certificate: A valid trade license is essential, particularly in the tourism industry, ensuring compliance with local regulations.
  3. Cost Estimates: Providing detailed cost estimates for your tourism-related activities helps us evaluate the financial aspects of your loan request.
  4. Business Development Plans: Outline your business development plans, detailing how the loan will be utilized to enhance and grow your tourism-related activities.
  5. Tourism Facility Development Plans: If applicable, provide plans for the development of tourist facilities, showcasing the intended improvements or expansions.
  6. Training Documentation: If seeking funds for training, include documentation outlining the nature and purpose of the training program

How to Apply:

Applying for the Tourism Loan is easy. Visit one of our branches to pick up an application form. Our dedicated team is ready to assist you through the application process and address any questions you may have.

At Toledo Teachers Credit Union, we are committed to fostering the growth and success of businesses in the tourism sector. Take the next step toward elevating your tourism venture with our Tourism loan product.

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