A small business loan provides the much-needed working capital that business owners can use to power up their business, including expanding inventories, hiring staff, purchasing equipment, or keeping cash flowing.
The InTouch Credit Union Business Services team can serve our business members with a variety of loan products and options. Business lending is not a one-size-fits-all solution. We build each business loan to fit your company’s goals.
Some of the ways we can help your company include:
Whether you are expanding inventory or purchasing equipment, the Business Services team at InTouch will work closely with you to discuss business loan options and help you select the perfect business lending solution for your needs.
Qualifying for different types of small business loans will vary. With any application you will need to provide financial statements along with tax returns for the last three years.
One thing to pay attention to is your credit score. If you do not know your personal or business credit score, you may want to consider requesting your credit report from one of the reporting agencies. The Small Business Administration information on small business credit reports is a good resource to check out, as well.
Some loans will also require collateral, so it is good to know whether you have assets valuable enough to qualify for those loans.
Finally, it is much easier to qualify for a loan when your business is profitable and has sufficient cash flow to meet both your new and current financial obligations.
Our brand promise says we strive to “enhance members' lives by delivering secure and reliable access to money management systems, financial education tools, and products and services designed to produce financial stability and choices." We are dedicated to working for you and your financial well-being.
You can keep on the move and have access to InTouch no matter where you go, with our nationwide availability! We provide you with access to more than 5,000 shared branches and 30,000 surcharge-free ATMs nationwide, and our Online and Mobile Banking gives you control of your accounts 24 hours a day, seven days a week.
