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Business Loans

If you own a business and are searching for a loan to support your work, look no further than Monroe County Community Credit Union!  Whatever your business financial needs are—whether you need to purchase an investment property, a new business facility, or just need some working capital—we’ll find a solution that fits your needs. As a local financial institution, we are always looking for ways to give Monroe County's economy a boost! Remember, to apply for and obtain credit, you must be 18 years of age. Take a look at our commercial loan parameters and contact our Vice President of Commercial Lending, David Millerwise today!

MCCCU offers the following business loans:


Investment Real Estate FinancingLending for Non-Owner Occupied properties (e.g. apartments, industrial buildings, office buildings, medical buildings, strip mall centers).

Features:

  • Business loans with MCCCU span anywhere between $50,000 - $8 Million
  • No application fee
  • Flexible loan terms

Benefits:

  • Purchase investment real estate and grow your portfolio
  • Refinance to a lower interest rate and increase your cash flow
  • Extend your loan to a new fixed term

Commercial Real Estate Financing – Lending for Owner Occupied properties. To qualify, the owner must occupy 50% or more of the property.

Features:

  • Business loans with MCCCU span anywhere between $50,000 - $8 Million
  • No application fee
  • Flexible loan terms

Benefits:

  • Purchase real estate and build equity and eliminate rent and leasing uncertainties

Business Line of Credit - Applying for a MCCCU Business Line of Credit will give you the flexibility you need to purchase necessities for your company.

Features:

  • Minimum line of credit: $50,000
  • Low, variable interest rates

Benefits:

  • Great for financing periodic, short-term financing needs
  • Allows you to control your business cash flow
  • Gives you easy access to working capital
  • Enables you to have cash flow for your business when you need it
  • Flexibility for seasonal purchases
  • Gives you the opportunity to purchase inventory in bulk
  • Only pay interest on amount you use--unlike a traditional loan

 


Business Purpose Loan – Qualified by personal income and personal credit score to acquire a personal loan used for business purposes.


Business Loan - Offered to members looking to use proceeds from a loan to support their business. If you would like more information on our business loan products, please contact our Vice President of Commercial Lending: 

David Millerwise, (734) 384-2716 or commercial_services@mcccu.org.

Features:

  • Low cost loans available for:
    • Investment properties
    • Equipment financing
    • Commercial Use buildings
    • Business line of credit

Benefits:

  • Our low cost options will help small business owners save money
  • Lines of credit allow businesses to maximize their purchasing power and flexibility in cash flow

 

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