Metco Credit Union has partnered with Community Business Lenders (CBL) to provide a range of business loans tailored to meet the diverse needs of our members. This collaboration allows us to offer flexible and affordable financing solutions for small and medium-sized businesses looking to grow, invest, or simply manage their financial operations more efficiently.
Term Loans: Ideal for businesses seeking financing for specific projects or purchases, such as buying new equipment, expanding your operations, or investing in new technology. Term loans offer fixed repayment schedules, making it easier to budget and manage your payments over time.
Revolving Lines of Credit: Perfect for businesses that need ongoing access to funds for managing cash flow, purchasing inventory, or covering short-term expenses. With a revolving line of credit, you can borrow, repay, and borrow again as needed, offering flexibility to handle any unexpected financial needs.
SBA 504 Loans: Designed for businesses looking to finance large, fixed assets such as real estate or major equipment. These loans are backed by the Small Business Administration (SBA), making them a great option for long-term financing with favorable rates and terms.
SBA 7(a) Loans: The SBA’s most popular loan program, SBA 7(a) loans are versatile and can be used for a variety of purposes, including working capital, equipment purchases, refinancing debt, or acquiring a business. With government-backed guarantees, these loans typically offer lower down payments and longer repayment terms than conventional financing options.
Whether you need financing for an investment property, business expansion, purchase of equipment or property, construction projects or other business ventures, Metco is here to help! Our partnership with Community Business Lenders ensures swift processing times and competitive interest rates, allowing you to get the funding you need without delay. We are committed to making the loan application process as simple and straightforward as possible, so you can focus on growing your business.
For more information or to apply for a business loan, email us directly at Loans@MetcoCU.org or visit Metco to explore all our loan services. We look forward to supporting your business and helping you achieve your financial goals!
