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Business Loans & Lines Of Credit

Unlock your business potential with our tailored commercial loan solutions! Whether you’re expanding operations, purchasing new equipment, or seizing growth opportunities, our flexible financing options provide the capital you need to thrive. With competitive rates, personalized service, and a commitment to your success, let us be your trusted partner in achieving your business goals. Contact us today and take the next step towards realizing your vision.

Commercial Real Estate

Commercial Real Estate

Securing a commercial real estate loan is a crucial step in financing your business property, enabling you to purchase, develop, or refinance commercial spaces tailored to your company’s needs.

  • Flexible plans
  • Competitive rates
  • Office and warehouse space for owner and non-owner occupied projects
  • Reasonable closing costs
  • No pre-payment penalties
  • Vacant land financing
  • Commercial construction loans

Equipment Loans

Equipment Loans

Securing a business loan to purchase equipment can be a strategic move to enhance operational efficiency and support growth. With the right financing, businesses can acquire the equipment they need to help their business thrive. This investment can lead to increased productivity, higher quality products, and the ability to meet the rising demand.

  • Flexible terms
  • Fixed rates
  • Reasonable closing costs
  • No pre-payment penalties or annual fees

Investment Property

INVESTMENT PROPERTY

Whether you’re a seasoned investor or just starting out, our flexible financing options make acquiring income-generating properties easier than ever. From rental homes to commercial spaces, our competitive rates and expert guidance empower you to build wealth and achieve financial freedom.

  • Flexible terms
  • Reasonable closing costs

Lines of Credit

Revolving Line of Credit

Revolving Credit Lines can help with working capital, purchase inventory, assist with payroll, marketing and much more.

  • Limits up to $50,000 unsecured- SBA guarantee
  • Secured lines of credit up to a certain percentage of the type/value of the collateral
  • Terms: 2 year draw with a 5 year payback period

Business Credit Cards

  • Reward cards are available
  • Competitive rates

Small Business Administration (SBA) Loans

Jordan Credit Union works with the Small Business Administration (SBA) to provide the best loan options for clients. Members may borrow up to $2.5 million, subject to the terms and conditions set by the union and its partners. SBA financing may also be an option for a business member; please talk with a Business Lending Relationship Officer for more details concerning SBA financing.

Business Lending Services
If you would like to know about our business lending options, please contact our Business Relationship Officer.

 

Nolan Merritt
P: 801-567-3353
E: nolan.merritt@jordan-cu.org

Quick Application

To help expedite the business loan process, please prepare the following documents:

  • Current business profit and loss statement and balance sheet
  • Last two years’ tax returns, business and personal (any one with 20% ownership in the business will also need to supply these documents.
  • Debt schedule listing all business and personal debts – must include balance and payments
  • Articles of incorporation and corporate bylaws for corporations
  • Articles of organization and operating agreement for LLC

 

All loans are subject to credit approval, collateral evaluation, type of business and other terms and conditions. Loan amounts may exceed the maximum amount depending on SBA guarantees and/or on secondary market participation. Loans subject to credit approval and other terms/conditions. Small revolving line of credit applies to existing business. New business (startups) can borrow up to $35,000 on approved credit.