BUSINESS LOANS & LINES OF CREDITFlexible Funding, There When You Need It

Generally, business loan applications require:

• Tax Returns: 2–3 years of personal and business tax returns.
• Financial Statements: Year-to-date Profit & Loss (P&L) statement and Balance Sheet.
• Debt Schedule: An itemized schedule of current business debts and liabilities.
• Personal Financial Statement (PFS): Required for all business owners with 20% or greater equity.
• Business Documents: Articles of Incorporation, Operating Agreement, or business license.

Most business financing options – including SBA loans, equipment financing, and commercial lines of credit – require personal guarantees from primary business owners (typically anyone owning 20% or more of the company). Depending on the loan type and amount, collateral such as equipment, business accounts receivable, inventory, or real estate may also be pledged to secure the loan.

Approval timing varies by loan type and complexity. As an SBA Preferred Lender, DFCU Financial can offer an expedited SBA approval process; conventional loans and lines of credit are evaluated locally, which can speed up decision-making.

Interest rates can be fixed or variable and are determined by your business’s financial history, credit profile, loan amount, and the specific loan product chosen. Repayment terms vary by solution:

• Lines of Credit: Typically structured as revolving accounts renewed annually.
• Equipment & Working Capital: Terms usually range from 3 to 10 years.
• Commercial Real Estate & SBA 504 Loans: Terms up to 25 years with long-term fixed rate structures available.

DFCU offers flexible funding tailored to businesses of all sizes – from small working capital lines to major commercial development financing. Maximum loan limits depend on the product type (for example, SBA 7(a) loans allow up to $5 million, while SBA 504 loans can accommodate larger real estate project costs).