Savings Secured Loans

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Savings Secured Loans

Use your savings or certificate of deposit (CD) as collateral for a loan!  You can borrow against your savings without having to withdraw it – your money is used as collateral while remaining in your savings or certificate of deposit earning dividends! Benefits include:

  • Interest rate is 3% above the rate you are earning on your savings/CD.
  • Flexible repayment terms – maximum term is 12 months.
  • No prepayment penalty.
  • Borrow up to 100% of the amount in your savings account.
  • A great way to establish the ability to repay business debt.

Contact us to discuss how we can help your business!
Apply for a savings-secured loan at any Westerra branch or call 303-321-4209. If you would like a representative to contact you, submit a Business Services Request Form.

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