Business Purpose loans will enable the member to title vehicles in the business name for tax purposes.
Business Purpose Loan Guidelines: |
1. Members applying for this type of loan will have to meet the same requirements that are now presently being used to qualify individuals. |
2. The maximum amount any member may have in this program is $50,000.00. |
3. The collateral on these loans will have liens on the titles or PSO forms whichever is required by law. |