Business Loans

A Share Secured Business Loan allows businesses to turn excess cash flow into a low-rate, long-term, automatically approved loan. This fixed-rate, fixed-termed loan is fully secured with deposits in interest paying accounts at the Credit Union. Deposits held in the business’s accounts, the business owner’s personal accounts or in the accounts of angel investors can be used as loan collateral. Angel investors can pledge their deposits without being a borrower on the loan.

This line of credit loan is attached to your Business checking account in order to help you avoid Non-Sufficient Fund (NSF) Fees and provide emergency funds for the business. With a maximum credit limit of $2,500.00, there are no fees to have this line of credit available or transfer funds from it. Line of Credit transfers can be initiated via Online Banking.