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What information do I need to apply for business financing?

You can apply for a loan or line of credit online or at a local branch. To complete your application, the following forms must be completed and signed: Business Loan Application Certificate of Beneficial Ownership Form Personal Financial Statements for each guarantor Business Debt Schedule Schedule of Real Estate Owned (if applicable) Additionally, be prepared to provide: Name, ID information, … Continue reading

How do I know whether I need a loan or a line of credit?

The purpose of the financing will determine which option best suits your business needs: Loan: Ideal for purchasing a business asset or funding a specific, one-time expense. Line of Credit: Best for managing cash flow or working capital, offering a revolving option where funds can be reused as payments are made. For guidance, consult with a business specialist at your … Continue reading

What are the minimum requirements to apply for business financing?

To apply for business financing with Call Federal, the following requirements must be met: The business must establish a relationship with us prior to loan funding, which means opening a business savings account and depositing a minimum of $5 into the account. The business headquarters or loan collateral must be located in the Richmond Metro Statistical Area. The business must … Continue reading