Business Loans
If you own a business and you’re looking for a partner to help you grow, look no further than Monroe Community Credit Union. As a local, member-owned financial institution, banking is what we do, but supporting our community is our passion.
Current business members with commercial loans click here to access your loan online.
Speak to a Business Lending Officer
Commercial Real Estate Loans
- Can be Owner-Occupied or Investement Real Estate
- Construct or purchase new property, refinance existing property or expand your facility
- Competitive rates and terms
- Secured by a commercial property, such as an office building, warehouse, retail center
Small Business Administration (SBA) Backed Lending Options
- U.S. Small Business Administration backed financing designed to support business growth, expansion, and real estate investment through the SBA 7(a) loan program.
- Flexible funding for working capital, equipment, business acquisition, refinancing, and commercial real estate
- Long-term financing options for major fixed assets such as owner-occupied commercial real estate and equipment
- Potential for more flexible qualifications compared to conventional financing
- Lower Down Payments: Reduce upfront costs compared to convetional loans.
- Flexible Uses: Finance start-up costs, purchase equipment, aquire real estate, or cover working capital needs.
- Longer repayment terms to help improve monthly cash flow
- May combine traditional bank financing with SBA-backed support
Secured or Unsecured Term Loans - A great option for business owners looking for the predictability of a set monthly payment.
- Set monthly payment
- Great option if you're making a one-time purchase such as machinery, equipment, and vehicles
- Allows you to spread out the cost of equipment required to run your business
Line of Credit - May be a better fit if you're looking for flexibility and the ability to purchase business necessities for your company on an ongoing basis.
- Flexible access to funds
- Revolving and closed-end options available
- Great for financing periodic, short-term financing needs
- Allows you to control your business cash flow
- Gives you easy access to working capital
- Manage seasonal fluctuations in cash flow
- Gives you the opportunity to make strategic inventory purchases
- Unlike a traditional loan, only pay interests on the outstanding amount
Platinum Business Mastercard – Qualified by personal income and personal credit score to acquire a personal loan used for business purposes.
- Lines of credit available starting at $500
- Keep things organized and make business purchases on one card
If you would like more information about our business lending solutions, please contact one of our Business Development Officers:
Brian Millican at (734) 384-2716 or bmillican@monroecommunitycu.org
Rob Thomas at (734) 244-0220 or rthomas@monroecommunitycu.org