Wolverine State Credit Union Business Loans

At Wolverine State Credit Union, we believe in empowering businesses with smart, flexible and affordable financing options. With competitive rates and personalized service, we can help you access the capital you need to grow your business.

Business Lines of Credit

  • Revolving credit for flexible usage
  • Interest charged only on used funds
  • Great for operating capital or investment financing

Fixed Loans

  • Terms up to 12 years
  • Structured repayment plans
  • Ideal for equipment financing

Commercial Real Estate Loans

  • Competitive adjustable or fixed rates
  • Balloon products up to 5 years
  • Does not include new construction
  • Purchases, new construction or refinancing

Vehicle & Equipment

  • Loans for vehicles, machinery & tools
  • Competitive rates
  • Flexible fleet financing

How to Get Started

  1. Explore Your Options! Call us: 989-356-1880 to talk to our Business Lending Specialist about your options. 
  2. Become A Member! Join Wolverine State Credit Union HERE. 
  3. Submit an Application. Click below to start a loan application. 
Apply

Benefits of WSCU Business Loans

  • Competitive Rates
  • Helpful and Experienced Staff
  • Fast & Flexible Approvals
  • Local Decision Making
  • Sign Anywhere with e-Signature
  • Personalized Service
  • Community-Focused Organization
  • Member Owned

Frequently Asked Questions (FAQs)

  1. What is the difference between a line of credit and a term loan? A line of credit gives revolving access to funds as needed. A term loan delivers the full amount at once with fixed repayment terms. 
  2. What documents will I need to apply for a business loan? You will need 3 years of tax returns, 3 years of business financial statements and balance sheet, personal financial statement of guarantor, business plan (for startups) and any available collateral information. Other items will be needed depending on your loan type and our staff will assist. 
  3. Do I have to be a member to apply for a business loan? No, you do not need to be a member to apply. However, you will need to become a member to receive financing. Credit Unions have a specific field of membership. We serve members who live, work, worship or attend school in one of the following Michigan counties: Alpena, Presque Isle, Montmorency, Alcona, Oscoda, Iosco, Ogemaw or Arenac.