Small Business Loans
Empowering Your Business Growth
At Guthrie Community Credit Union, we understand that small businesses are the backbone of our community. That’s why we’re excited to offer a range of small business loans tailored to meet your unique needs. Whether you’re looking to expand, manage cash flow, or invest in commercial real estate, we have the right financial solution for you.
Our Small Business Loan Products
Term Loans
Our term loans provide a substantial capital boost for your business, ideal for financing significant investments like equipment purchases, facility expansions, acquisitions, or debt refinancing. We offer fixed and variable interest rates with terms extending up to 10 years and longer for loans secured by real estate. Term loans can be secured or unsecured, backed by various collateral options, including liquid assets (stocks, bonds, mutual funds, certificates, real estate, equipment, vehicles) and business assets (inventory, receivables, furniture, fixtures, equipment). With manageable installment payments and competitive rates, our term loans are structured to meet your specific business needs.
Lines of Credit
Maintain and enhance your business‘s cash flow with our versatile lines of credit. Ideal for managing daily operations, covering inventory purchases, or addressing unexpected expenses, our lines of credit offer a revolving borrowing option. You can borrow, repay, and borrow again up to your credit limit, providing you with ongoing access to funds. The interest rate is variable and tied to the prime rate, with interest billed monthly based on your usage. Available as either unsecured or secured by short-term assets, our lines of credit ensure you only pay interest on the funds you use, giving your business the financial flexibility it requires.
Commercial Real Estate Loans
Secure the perfect location for your business with our commercial real estate loans. Whether you’re looking to purchase, improve, expand, or refinance commercial property, we offer competitive rates and customized terms to suit your needs. Our loans are available with fixed or variable interest rates and terms up to 15 years, with amortization periods extending up to 20 years. Suitable for various property types including 1-4 family investment properties, office buildings, manufacturing facilities, and retail spaces, our loans come with a maximum loan-to-value ratio of 80%, using the property as full or partial collateral.
Why Choose Guthrie Community Credit Union?
- Personalized Service: Our team works closely with you to understand your business and provide customized loan solutions.
- Competitive Rates: Enjoy competitive interest rates and terms that fit your business goals.
- Local Decisions: Fast, local decision-making ensures you get the support you need quickly.
Get Started Today
Ready to take your business to the next level? Apply for a small business loan with Guthrie Community Credit Union today. Our straightforward application process and dedicated support team make securing the financing you need easier than ever.
For more information or to apply, visit a Guthrie Community Credit Union branch location or call us at 877-493-6161.