Many credit unions additionally issue small company loans, and also the approval procedure is usually more individual than it really is at a bank, with things such as an meeting and letters of suggestion holding more excess weight. Prices are competitive and quite often lower, since credit unions are nonprofits with less overhead.
You will do should be a user for the credit union, nevertheless the demands for joining are often as simple as located in a certain area. Keep in mind that while credit unions may be much more versatile than big banking institutions, they nevertheless primarily lend to established organizations.
SBA Loan Program