Our business loan offerings include secured and unsecured loans, lines of credit and other financing solutions tailored to meet the unique needs of businesses. Our competitive interest rates, flexible repayment options and personalized service ensure that businesses have access to the financing they need to grow and thrive.1
“We collaborate closely with our business partners to gain a deep understanding of their unique requirements and offer them the financial support they need to sustain and enhance their ongoing success.”
— Stephanie Couldrey, Chief Lending Officer
Business Loans & Lines of Credit1
| Line of Credit | Term Loan | Vehicle Loan | Real Estate Loans | |
|---|---|---|---|---|
| Purpose | Offers seasonal or short-term cash flow coverage, access to capital until clients pay you and/or the ability to purchase inventory when you need it. | Provides cash up front to purchase equipment or any other type of fixed asset. | Allows you to purchase a vehicle for business purposes to reduce your personal liability and may increase your tax benefits.2 | You want flexible lending options to meet specific needs for your facilities or other purposes. This may include purchase, improvement or refinance |
| Benefits | Flexibility to borrow and repay funds as needed, up to your credit limit. Convenient access to cash without higher cash advance rates. | Make the same monthly payment on a set date at a competitive rate to purchase the necessary item for your business. | Offers competitive rates and may provide tax deductions.1 | Enjoy competitive rates and flexible terms with the option to have a lower payment amortized over a length of time beyond the loan term (useful for cash flow). |
| Features | Revolving line with a 1-year term and the possibility of annual renewal. FREE first box of checks. | Fixed term, rate, payment amount and monthly payment date. | Finance up to 84 months. | Terms up to 10 years and amortized up to 30 years. |
| Possible Collateral | Business assets, real estate, deposit accounts. | Equipment, accounts receivable, inventory, real estate, deposit accounts and vehicles are just a few examples. | The vehicle financed for business purposes or another vehicle with no lien (new or used, or fleet vehicles). | One- to four-family residential or commercial buildings, including those with a special purpose (example: car wash). |
| Best If… | “I know I’ll need funds, but I’m not exactly sure when!” | “I know what I need and when I need it!” | “I use my vehicle for work purposes and would love to write off the expense!” | “I’d like to invest in a property, instead of renting or leasing, to gain equity and grow my business wealth!” |
Yes! You can initiate a business loan or line of credit request via online application by clicking one of the "Apply" buttons above. After submitting the online application, a business lending specialist will follow up with you to complete the request. You may also schedule an appointment or apply in person at your local branch.
We do not offer preapprovals on any business loans or lines of credit at this time. Each loan request goes through our business underwriting team for review.
We require that the business become a member of CFCU prior to loan funding, and either the business headquarters or loan collateral must be located in the Richmond Metro Statistical area. In addition, the business should be operating for a minimum of two years. Call Federal does not currently offer loans for start-up businesses.
Here are PDF versions of the forms for business borrowing:
More Questions?
Download our extended FAQ for more details on Call Federal’s Business Lending options or email us with your questions at [email protected].
1All Call Federal loans are subject to income and credit verification; not all will qualify. All rates, offers, terms, and conditions may vary. Other restrictions and conditions may apply. 2Members should consult with their tax advisor about any possible deductions. Equal Housing Lender.
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