Business Loan Rates
Alaska USA has a wide range of financing options available for your business. Business lending programs are described below. Business members can also take advantage of Alaska USA's consumer lending programs for vehicle loans and other secured lending needs.
All rates depend on a number of factors, including the amount you borrow, financial strength of business, collateral, term of the loan, and your credit rating. Generally, rates are:
- Lines of credit and construction loans:
- Wall Street Journal prime rate, plus 0-6%.
- Adjustable rate term loans:
- 3-Year or 5-Year US Treasury Securities, plus 2-6%.
- Variable rate term loans:
- Wall Street Journal prime rate, plus 0-6%.
Current Index Rates as of 4/28/2021
| Index | Rate |
|---|---|
| Wall Street Journal Prime Rate | 3.25% |
Business loan programs
| Loan Type | Rate Information |
|---|---|
Share Secured Loans |
Rate is based on the share or certificate rate plus points between 2 – 4%, depending on the term of the loan. |
Term Loans not secured by Real Estate |
Rates on inventory and security loans can be fixed or variable:
Rate on equipment loans can be fixed, variable, or adjustable*:
* Adjustment period is every 3 or 5 years |
Commercial Real Estate Loans |
Rate can be fixed, variable or adjustable*:
* Adjustment period is every 3 or 5 years |
Unsecured Loans |
Rate can be fixed or variable:
|
Secured Lines of Credit |
Rate is floating based on the Wall Street Journal prime rate plus points. |
Unsecured Lines of Credit |
Rate is floating based on the Wall Street Journal prime rate plus points. |
