Reminder: All Island Federal branches will be closed on Monday, September 4, 2023 in observance of Labor Day.

Business Lending

Take your business to the next level with Island Federal’s Business Banking

business banking long island

Business Lending Solutions

Working Capital Line of Credit**

  • Provides your business with revolving short-term financing for payroll, purchasing inventory or to pay suppliers
  • Pay interest only on the amount drawn, not the entire line.
  • Giving you the flexibility to borrow and repay as needed

Fixed Term Loans

  • Enables you to purchase new equipment or machinery for your business without impacting your cashflow.
  • Letting you spread out the cost of equipment over time at a low fixed rate.

Equipment Line of Credit

  • Provides a pre-approved financing amount for your upcoming equipment purchases
  • Allows to purchase equipment when you need it, as you need it.

Business Overdraft Line of Credit

  • Convenient access to cash whenever you need it
  • Competitive rates As Low As 12.25% APR*

*APR= Annual Percentage Rate. Rates and terms are accurate as of 09/24/2023.
** A Working Capital Line of Credit is subject to credit review and annual review