Business Lending
Business Lending Options
Business VISA
Opening a Business VISA can help turn your dream into a reality. We have no annual fees or balance transfer fees. Plus, you can earn MFCU Rewards with a Business VISA. What are you waiting for?
Business Real Estate Loan
Whether you are buying an existing property or building your own, we offer commercial real estate loans for a variety of commercial properties including residential rentals, office buildings, industrial properties, apartment houses, warehouse properties, and retail properties!
Equipment and Vehicle Loan
With low rates and flexible terms, we can help you purchase what it takes to make your business run.
Secured Lines of Credit
We offer secured lines of credit to give you flexibility and peace of mind in order to run your business smoothly. Take advantage of the business lending products we have to offer with your membership!
Refinancing
If you are looking to refinance your current loan, we can provide you with a comparison and likely save you money!
Ready to take the next steps?
Talk to our team.
If you would like to make an appointment with someone from our Business Services team, please stop into a branch, give us a call at 855.835.6328, or click below.
Application Information
When applying for a commercial loan, the following documentation will be required based on the type of business. Other documentation may be required based on the loan type and collateral.
Sole Proprietorship
Certificate of Assumed Name - Doing Business As (DBA) Papers, if applicable
Proof of Federal Tax ID number in the business name, if applicable
Photo ID of all authorized users on the account
Last three years of personal tax returns
Corporation
Articles of Incorporation
Be in good standing with State of Michigan
Corporate Bylaws
Proof of Federal Tax ID number in the business name
Photo ID of all authorized users on the account
Last three years of personal and business tax returns
Letter of Intent
Limited Liability Company
Articles of Organization
Be in good standing with SoM
Proof of Federal Tax ID number in the business name
Photo ID of all authorized users on the account
Last three years of personal and business tax returns
Operating Agreement (if not a single owner LLC)
Organization, Associations and Non-Profits
Copy of Bylaws or Charter
Proof of Federal Tax ID number in the business name
Photo ID of all authorized users on the account
Last three years of business tax returns
Meeting Minutes
Partnership
Certificate of Co-partnership - Doing Business As (DBA) Papers, if applicable
Proof of Federal Tax ID number in the business name
Partnership Agreement
Photo ID of all authorized users on the account
Last three years of personal and business tax returns
Notice to all Commercial Account Members Regarding Unlawful Internet Gambling
This notice is to inform you that transactions that are restricted under the Unlawful Internet Gambling Enforcement Act are prohibited and should not be processed through your account at Members First Credit Union.