AGCU provides term loans for churches, businesses, and nonprofit organizations. Whether you need funds for equipment, facility improvements, operational expenses, or other needs, a term loan gives you a lump sum upfront with a set repayment schedule so you know exactly what to expect.

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What You Can Use It For

Term loans are a flexible option for a wide range of needs, including:

• Equipment purchases and upgrades
• Facility repairs and improvements
• Operating expenses and cash flow needs
• Unexpected expenses that fall outside your regular budget
• Purchases that do not require real estate as collateral

How It Works

A term loan provides a set amount of funds upfront that you pay back over a fixed period with regular payments. Unlike a real estate secured loan, a term loan is a faster alternative for organizations that need funds without using property as collateral. AGCU works with churches, nonprofits, and businesses to find terms that fit your organization’s financial situation.

Why Borrow from a Credit Union?

As a member-owned credit union, AGCU is not answering to outside shareholders. We reinvest our earnings into better rates and lower fees for the churches, businesses, and nonprofits we serve. We also understand that faith-based organizations and nonprofits operate differently than traditional businesses, and we work with you to find financing that fits.