Business Loans

With the right financing, your future looks bright.

Developers that build new homes aren't at all like factories that make steel siding. And medical practices have different needs than firms that diagnose computer problems. Because North Dakota and western Minnesota businesses come in all types and sizes, Capital Credit Union offers specially tailored loans to help them thrive and grow.
 

For businesses, timely, affordable financing is often the key between increasing profits and missing out on opportunity. At Capital Credit Union, we have loans that will help you expand facilities, buy new machinery, purchase real estate, update your fleet, add inventory and generally keep your company on the road to success in a highly competitive business world.

  • Business Term Loan: Financing for capital purchases or business expansion. Fixed or variable interest rates available. Flexible payment terms can be tailored to match your cash flow or marketing cycles.
  • Business Line of Credit: Financing for short-term operating needs of your business or supplemental cash flow for business expansion or other business expenses.
  • Business Real Estate/Business Equity: Financing or refinancing for commercial real estate. Packages can cover everything from real estate purchases through construction and permanent financing.
  • SBA Loans: Small Business Administration programs are available for the start-up or purchase of a business. They can also be used to purchase assets (including land, buildings and equipment), and short-term working capital needs.

Capital Credit Union is eager to make the financing process as easy as possible. You can get started by filling out this Business Loan Application and this Personal Financial Statement. Also, please have these documents ready to submit:

  • Three years of financial statements
  • A current, year-to-date financial statement
  • Three years of tax returns (business and personal)
  • Business Plan or Strategic Plan (including three year budget/forecast)
  • Real estate appraisals and/or real estate tax statements (if applicable)
  • List of machinery or equipment to be financed
  • Proof of business registration
  • For Sole Proprietorship: Trade name certificate
  • For Corporation: Articles of Incorporation and Certificate of Incorporation
  • For Limited Liability Corporation: Certificate of Organization and Operation Agreement
  • For Partnership: Certificate of Partnership