Business Loan Services Available at Central Willamette Credit Union

Business Loan Services Available at Central Willamette Credit Union

If you’ve dreamt of owning your own business one day, then you probably already know the work that it entails. Indeed, for your dream to come true, you’ll have to work hard all day, every day until it is achieved. One thing you shouldn’t let stand in your way, though, is money: paying for all the different elements of owning your own business can be expensive, but fortunately, Central Willamette Credit Union is here to help.

There are a number of business loan services that you can take advantage of at Central Willamette, and this article will tell you about a few of them.

Why Use a Credit Union?

Before we get into the various options you have at Central Willamette, you’ll probably want an answer to the question: why use a credit union at all? After all, aren’t there plenty of big chain banks out there that can help you finance your business?

The answer is rather simple: banks are always seeking to maximize their profits. Large chain banks will always be more concerned about the money they can make off of you than you as a customer. As a result, they won’t have your interests at heart when you go about looking for a loan from them.

A credit union, on the other hand, is a not-for-profit organization run by its members. While obtaining a loan from a credit union entails a process similar to obtaining one from a bank, you’ll know that the credit union is run by people just like you. In fact, as a member, you’ll have a voice in how things are run and a say in the decisions they make.

As a non-profit organization, a credit union also puts all its earnings back toward its members. That means any interest you pay toward your loan will go toward interest on people’s savings accounts, and so forth.

The Advantages of Getting Your Loan from a Credit Union

A credit union has plenty of advantages of its own, but it’s also a great choice to use when attempting to get a business loan. There are a number of reasons why.

First, the fees you’ll have to pay on a business loan are greatly reduced at a credit union, as opposed to a bank. The loan rates are also a lot lower. Central Willamette Credit Union, and similar organizations, will not be trying to squeeze every penny out of you as a big bank will.

Credit Unions like Central Willamette are also a lot friendlier to smaller businesses. You won’t have to worry about being ignored in favor of larger businesses if you choose to seek your loan at a credit union. Because credit unions are themselves smaller organizations, you are also likely to get your loans approved a lot faster.

And lastly, and perhaps most importantly: a credit union like Central Willamette will have a lot of resources in place for you to use when trying to manage your finances wisely. There will be education resources such as classes for you to participate in. These will help you navigate the complex and often frustrating world of business finance.

The Benefit of Technology

One thing that tends to scare people off from credit unions is the fear that they won’t be able to access modern technology. They believe that only big banks, with their huge budgets and massive infrastructures, will allow them benefits such as paying for their loans online. While this may be true at some credit unions, at Central Willamette Credit Union this isn’t the case. You no longer need to get your loan from a giant chain bank to take advantage of the latest in modern technology; you’ll be able to do all your banking, including making loan payments, online.

You’ll be able to apply for loans online too, and as a member of the credit union, you’ll get access to all the online banking services Central Willamette has to offer. That includes the Visa debit cards, mobile check deposit, and fund transfers. Of course, if you’d prefer to pay over the phone, you’ll easily be able to do that as well.

The Services at Central Willamette

So you’re sold on using a credit union, but why choose Central Willamette Credit Union specifically for your business loan services? What do we have to offer that other places don’t? Central Willamette has quite a bit going for it when you’re looking for a local credit union to get a business loan. The loans cover all types of office buildings, as well as industrial, retail, and investment properties. You can opt for a longer payment schedule, even up to 30 years, if that’s what you require to get your business loan.

There are also secured term loans with competitive terms at Central Willamette, as well as flexible operating lines of credit. You’ll be able to take out a loan with an unsecured limit of up to $50,000, or one with a secured limit of even higher than that.

How to Get Started

If you’re ready to get the ball rolling and start making your dreams into reality, all you have to do is visit a local branch of Central Willamette Credit Union to begin. You can also opt to contact the credit union online if that’s more convenient for you. The team members at Central Willamette will be happy to discuss your business loan with you and get things started.

Of course, you’ll also be able to discuss anything else related to the credit union. If you want to do your personal banking there, start a savings account or a college fund for your children, or even start investing, we’ll be happy to advise you.

Central Willamette also offers affordable access to TruStage Insurance products. They’re designed to fit any budget, so if you’re looking to purchase life, home, auto, or disability insurance that’s affordable, we can help you with that too. So go ahead and visit your local branch to make your dreams come true today!