Business Loans to Help Your Business Grow
Are you looking to scale your business, expand your office space, or invest in new equipment? At People Driven Credit Union, we understand the challenges that come with growing a business, and we’re here to support you every step of the way. Explore our range of business loan options below and find the right financial solution to help your business thrive.
Installment Business Loans
Need to purchase equipment or vehicles for your business? Our installment business loans provide competitive rates and flexible terms to help you finance essential purchases. Whether you’re starting a new business, looking to consolidate debt, or expanding your operations, our business team is here to help you find the perfect loan solution.
- Use an Honor installment loan to purchase equipment or vehicles
- Installment loans have competitive rates with flexible terms to meet your needs
- Talk with our business team about the possibility of using an installment loan to help start your business or consolidate debt
Business Line of Credit
For more flexibility than a traditional installment loan, consider our business line of credit. Perfect for managing day-to-day expenses like payroll or taking advantage of unexpected business opportunities, our lines of credit can be either secured or unsecured, giving you the financial flexibility you need to run your business smoothly.
- More flexibility than a traditional business installment loan
- Manage your day-to-day business needs, from payroll to overhead costs
- Allows you to take advantage of immediate business opportunities
- An Honor Business Line of Credit can be either secured or unsecured
Commercial & Investment Real Estate Loans for Michigan
Looking to purchase a new location, expand your current operations, or refinance an existing loan? Our commercial real estate loans offer competitive rates and flexible payment options designed to meet the unique needs of your business. Whether you’re planning a new purchase or a renovation, we offer both fixed and variable rate terms to help you achieve your business goals.
- Use a PDCU commercial real estate loan to purchase a new location or expand or renovate your existing operation
- Our commercial real estate loans can be used for new purchases or to refinance existing loans
- We offer fixed and variable rate terms to meet the needs of your business
- Our rates are competitive with flexible payment options, including weekly, bi-weekly, bi-monthly, monthly, or annual
Start Your Business
Thinking about starting a new business or expanding an existing one? Our SBA loans can be used for commercial real estate, construction, or refinancing equipment. With flexible terms, competitive interest rates, and down payments as low as 10% on commercial real estate, our SBA loans are designed to help you turn your business dreams into reality.
- A small business loan, often called an SBA Loan, can be used for commercial, real estate, or construction needs
- You can refinance or purchase equipment
- Fixed or variable interest rates with flexible terms, depending on your needs
- Down payments as low as 10 percent on commercial real estate
Note: Before you start the application process, we recommend you build a plan for your business. This will help the loan application process and be instrumental to you in creating your vision for your business.
Ready to Grow Your Business?
We’re here to help you find the perfect financing solution for your business needs. Fill out our short form today to get started on your journey toward growth and success with People Driven Credit Union. Take the first step in securing your business’s future—fill out the form below.
