Business Loans

"Our company wants to grow bigger and better, and to do that we need affordable financing and working capital."
Contact us View document checklist

All the right funding tools to get the job done.

Pittsburgh business leaders have always thought big – think about the steel mills that built the nation, and the financial empires that powered the economy. Whether your company is looking to build something special, buy new equipment, or just beef up its inventory, Clearview offers business loans at rates that make growth possible and success more probable.
  • Variety of commercial loan types 
  • Lump sum payments and lines of credit available
  • Fixed-rate and variable rate options

Key considerations for a commercial loan.

What types of business loans do you offer?

Term Loans

Term loans are ideal for businesses that plan to expand their facilities, purchase new equipment, finance acquisitions, refinance debt, or purchase fixed assets. We offer both fixed and variable interest rates with loan terms up to 10 years (longer if secured by real estate). Loans can be secured or unsecured. Liquid assets, such as stocks, bonds, mutual funds, certificates, real estate, titled equipment, and vehicles, or business assets like inventory, receivables, furniture, fixtures, and equipment can be used as collateral.
 

Lines of Credit

In need of working capital? With a line of credit, businesses can borrow, repay, and borrow again up to the maximum credit balance, until the expiration date of the line. The variable interest rate is tied to the prime rate and interest is billed monthly based on usage. Lines of credit can be unsecured or secured by short-term assets.
 

Commercial Real Estate Loans

This loan type is specifically for the purchase, improvement, expansion, or refinance of commercial real estate, such as a 1-4 family investment property, office buildings, manufacturing facilities, or retail buildings. We offer fixed or variable interest rates and loan terms up to 15 years with amortization to 20 years. For a commercial real estate loan, the maximum loan-to-value ratio is 80% and property serves as full or partial collateral.
 

Construction Loan

Looking to build? A construction loan is perfect for businesses needing to fund new construction or expand physical facilities. This loan type is similar in terms to a commercial real estate loan, but with different down payment criteria. You’ll pay interest-only during the construction period of 6 to 18 months.
 

Standby Letters of Credit

A standby letter of credit (SBLC) is a financing vehicle that essentially substitutes our credit strength for your company's. An SBLC is issued to third parties on behalf of your company to guarantee performance, ensure payment to suppliers, or to bond payments. We typically issue SBLCs for one year with either a specific maturity or automatic renewal. An annual fee of 1-2% applies.

What are the advantages of credit union business loans?

As a credit union, we’re non-profit and without shareholders unlike most financial institutions. As a result, credit union business loans are typically offered at lower interest rates with more flexibility on payment terms. Our vision here at Clearview is to help members to enjoy a better life and it’s our goal to do that during every interaction with you!

What do I need to apply for business loans?

Our business account checklist will help you gather the documents (EIN, agreements, etc.) you’ll need to open a business account based on your business type.

View checklist
What's included?
  • Wide range of financing options
  • Competitive rates
  • Flexible repayment terms
How can we help?

Recommended for you

Mastercard® Business Card

We go the extra mile to make sure our Mastercard® meets the high standards of Pittsburgh business leaders.

Fight against hunger

We’re collecting online donations all year to benefit the Greater Pittsburgh Community Food Bank and the Westmoreland County Food Bank.

Recommended for you

Clearview’s women in leadership

A conversation with our female leadership on their leadership journeys.

Save on Business Insurance

Make sure your employees and your assets are covered with a policy from Clearview Insurance Services.

Recommended for you

Webinars

Explore our library of pre-recorded videos for learning on your time.

Financial Wellness Plan

Talk with a Clearview financial expert who will review your finances and recommend solutions to reach your goals.

“Clearview takes the time to understand the customer at a human level instead of as numbers on a paper.” William, Member since 2016
Learn More- Go to membership page
Learn More- Go to membership page
Thank you for being there for more than 30+ years for me. Rubin, Clearview Member
Become a member- Become a member
Become a member- Become a member
Clearview has helped with saving me time & money. Angela, Member since 2017
Become a member- Become a member
Become a member- Become a member