Business Credit
Fast access to business credit
Ready to grow your business? SECU can provide the credit you need to jumpstart your next move.
Benefits of a business cash back credit card
The SECU Business Cash Back Visa® card offers a low, competitive rate and cash back options that never expire, including:
- No annual fee
- 3% cash back on gas and office supplies*
- 2% cash back at restaurants**
- 1% cash back on all other purchases
- No cash advance, balance transfer, or foreign transaction fees
To learn more and apply, contact a SECU business relationship banker.
* ** View the Business Cash Back Visa® card rates and card agreement.
Do you have multiple cards on your account? View the FAQs on how to connect your accounts online and how to redeem.
To view and manage your card account, log into online banking and navigate to Manage Credit Card. From there, you can click Redeem Cash Back to redeem for a statement credit or a deposit to your savings or checking account.
Open a line of credit for your business
A revolving line of credit may be the best financing option for those short-term cash flow needs by giving you open-ended access to a predetermined amount of credit.
Benefits of secure and unsecured lines of credit
- Bridging the gap between accounts receivable and accounts payable
- Funding payroll
- Purchasing seasonal inventory
- Working capital
- Purchasing supplies
- Weathering business emergencies
Business line of credit requirements
- Must meet all SECU membership requirements
- Business must be under current ownership for at least 24 consecutive months
- Key owners, any individual with at least 20% ownership in the business, need to provide personal guaranty
- All appropriate business legal structure documents
- Minimum of two years business and personal federal tax returns (complete with all schedules and attachments)
- Interim income statement and balance sheet if more than 90 days past fiscal year end
Achieve your goals faster with business term loans
SECU offers business term loans. These loans offer a specific amount of credit over a set period of time. Use this short or intermediate financing option to finance business needs, such as additional assets or equipment, or expansion efforts.
We offer secured or unsecured term loans, with fixed or variable interest rates. Repayments are simple, based on a predetermined schedule, and can be automatic through your SECU business checking account.
Business term loan requirements
- Must meet all SECU membership requirements
- Business must be under current ownership for at least 24 consecutive months
- Key owners, any individual with at least 20% ownership in the business, need to provide personal guaranty
- All appropriate business legal structure documents
- Minimum of two years business and personal federal tax returns (complete with all schedules and attachments)
- Interim income statement and balance sheet if more than 90 days past fiscal year end
Equipment financing for medical professionals and physicians
Up to 100% financing with terms up to 10 years for all medical professionals.
