Business Rates & Fees

SBA Express Small Business Loan
SBA Express Small Business Loan  rates are fixed for the life of the loan– the interest rate will follow SBA loans interest rate guidelines. See www.colsonservices.com for rates in effect.

Small Business Loan (non-SBA)
Small and Member Business loan rates are fixed for the life of the loan – the interest rate will range from 11% minimum to 16% maximum depending on the overall qualifications of the borrower.

Business Line of Credit (SBA and non-SBA)
Business Lines of Credit – interest rates are adjusted on a quarterly basis and initial rates are between Prime + 4% and Prime + 12%, depending on the overall qualifications of the borrower.

Business Overdraft Protection Line of Credit
Business Overdraft Protection Lines of Credit interest rates are the same as for the Personal Overdraft Protection Lines of Credit, which range from Prime + 8.74 to Prime + 14.74 % depending on the credit score of the applicant.

Start-up Business Loan
Start-up Business Loan rates are fixed for the life of the loan and the interest rate will range from 11% minimum to 16% maximum.

Secured Business Loan
Secured Business Loans are fixed for the life of the loan.

For fully-secured loans (secured by a cash collateral deposit equal to 100% of the loan amount) the interest rate is currently 4.99%.

For half-secured loans (secured by a cash collateral deposit equal to 50% of the loan amount), the interest rate is 7.99%.

In no case will the annual interest rate on any loan exceed 18%.

 

Business and Non-Profit Share (Savings) Account Fees

Share (Savings) Account BalanceMonthly Fee6
Below $75 $3.00
$75 and above No Monthly Charge

6 The Monthly Fee is charged based on balances across all accounts. Maintain a total of at least $75 in all your accounts and the $3.00 monthly fee is waived.

Business Share Draft (Checking) Account Fees

Average Monthly Balance7 Basic Monthly Fee Monthly Transaction Fees8
$50,000 and above None Unlimited transactions for FREE
$25,000 to $49,999.99 None Unlimited transactions for FREE
$10,000 to $24,999.99 None Unlimited transactions for FREE
$5,000 to $9,999.99 None Unlimited transactions for FREE
$1,000 to $4,999.99 None Unlimited transactions for FREE
below $1,000 None Unlimited transactions for FREE

7 The Average Monthly Balance is in the Share Draft account only.

8 Transactions include deposits (up to 30 items per deposit), ATM and Teller withdrawals, transfers, checks paid, any ACH (electronic deposit or payment).

Non-Profit Share Draft (Checking) Account Fees

Average Monthly Balance9 Basic Monthly Fee Monthly Transaction Fees10
$25,000 and aboveNone Unlimited transactions for FREE
$10,000 to $24,999.99 None Unlimited transactions for FREE
$5,000 to $9,999.99 None Unlimited transactions for FREE
$1,000 to $4,999.99 None Unlimited transactions for FREE
below $1,000 None Unlimited transactions for FREE

9 The Average Monthly Balance is in the Share Draft account only.

10 Transactions include deposits (up to 30 items per deposit), ATM and Teller withdrawals, transfers, checks paid, any ACH (electronic deposit or payment).

For additional fees, please refer to the LESPFCU Fee Schedule PDF.

* Subject to Change

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