 |
Commercial Loans | | Seven Seventeen offers a wide variety of commercial lending services for small businesses, including Commercial Mortgages, Term Loans (i.e. equipment or vehicle financing), Credit Lines (i.e. working capital), SBA Guaranteed Loans (U.S. Small Business Administration), and Business VISA ® credit cards.
To Obtain a Commercial Loan
Your business must become a member of Seven Seventeen Credit Union by establishing a business account.
Step One - Provide Documents that Correspond to Your Business Entity:
- Secretary of State (OH) or Department of State (PA) documentation:
- Articles of Organization/Incorporation
- Charter Certificate
- Formal Agreements:
- Operating Agreement (LLCs only)
- Partnership Agreement (Partnerships Only)
Step Two - Apply for a Commercial Loan
1. Select Your Type of Loan:
- Commercial Real Estate (purchasing or refinancing) Term Loans (i.e. equipment or vehicle financing), Credit Lines (i.e. working capital):
- Residential Investment Rental Property (Multi-Family Housing, Apartment Complex, Condo, Duplex):
- Start-Up Business
- Seven Seventeen Credit Union is an approved SBA Lender. The financing of start-up businesses typically requires the Credit Union to seek the approval for a loan guaranty from the U.S. Small Business Administration. Receipt and review of a formal business plan along with other required documentation is necessary. The application for an SBA Guaranteed loan is not available on this website; however, SBA loan program information is available on the SBA website www.sba.gov. In addition, free assistance with business plans can be attained via our local Small Business Development Center (located at YSU). Call
330-941-2140.
2. Call Seven Seventeen's Commercial Lending department at
330-372-8084, 330-726-0344, 330-677-0001, 330-492-1106 or 800-775-7741, ext. 8084 to ask questions or to make an appointment to meet with Brett Carnahan, Seven Seventeen's Commercial Loan Officer; or mail your paperwork to the address below:
ATTN: Brett Carnahan - Commercial Lending
Seven Seventeen Credit Union
3181 Larchmont Ave. NE
Warren, OH 44483
|
|
|
|
|
