What terms do you offer for your business loan products?
Please see the chart below for our terms by product type.
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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
Where can I find free resources to help start or run my business?
There are many excellent resources available to support your business journey! Here are some recommendations: Chamber of Commerce: Learn about different business entity types to decide which is right for you. SCORE: Access free resources like templates, webinars, events, mentorships, and startup business plan and financial templates to support your business. U.S. Small Business Administration (SBA): Explore the Business Guide … Continue reading
What are the credit bureaus for businesses, and how can I access them?
The three major credit bureaus that report on business credit are Dun & Bradstreet (D&B), Experian, and Equifax. Each bureau uses different scoring models, so score ranges may vary. They provide detailed instructions on how to obtain your business credit information. To access your business credit reports, visit their websites: Dun & Bradstreet Experian Equifax
Why should I choose Call Federal for my business?
At Call Federal, we are devoted to making a positive impact by providing practical business solutions, exceptional service, and expert know-how. As your local credit union, we are committed to supporting businesses of all sizes in our community. As a not-for-profit financial institution owned by our members, we offer flexible terms, lower interest rates, and reduced fees compared to traditional … Continue reading
Do you offer business credit cards?
We currently do not offer business credit cards. However, we encourage you to explore our unsecured and secured business lines of credit, designed to support your working capital needs!
Are there any business loan options I cannot apply for with you?
At this time, we do not offer: SBA loans Business credit cards Overdraft loans/lines of credit Construction and development loans Land/land development loans Faith-based loans
Do you work with the Small Business Administration (SBA)?
No, we do not work with the SBA at this time.
Are your rates and fees competitive?
Absolutely! We regularly review local competitors’ rates and products to ensure we stay competitive in the market.
Can I apply for business loan or line of credit online?
Yes! You can start your business loan or line of credit application through our online portal here. After submitting your application, a business lending specialist will contact you to finalize the process. Alternatively, you can schedule an appointment or apply in person at your local branch.