MSU Federal Credit Union

Business Lines of Credit

Working Capital is the lifeblood of your business. Lines of Credit and Term Loans help you access the capital needed to invest in your growth. Our Commercial Team will help to determine the option that will best fit your needs.

Line of Credit:
• Access working capital when you need it
• Variable and Fixed interest rates
• Borrow, repay, borrow again - revolving line availability

Term Loans
• Flexible rate options
• Fixed monthly payment and terms
• Unsecured and Secured

Apply for your Business Line of Credit by clicking the Apply Now button to download our Business Loan Application.

Questions? Contact our Commercial Team directly by phone at 517-333-2424 ext. 2365.

Download Business Loan Application

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What can I use my Line-of-Credit for?

Lines of Credit are typically used for regular business expenses or costs of goods sold where repayment comes from regular incoming revenue. Lines of Credit should not be used for long term purchases with greater than a 6-12 month repayment expectancy.

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Can I apply online for a business loan?

Existing business members with an active account in good standing can apply online via ComputerLine. Login to your account, and select "Apply for a Loan" icon in the top menu.

Non-Members are invited to apply for a business account if they would like to apply for a loan online, however, providing a business account application and business loan application at once will allow a lender to begin that process sooner.

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Once my Business Line-of-Credit is approved, how long does it take to receive funds?

Access to the funds after approval will vary based on required pre-closing requirements. Typically there are limited pre-closing requirements fort these loans. Lines of Credit are made available after loan documents are received, and loans are setup and available within 24 business hours.

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Do you offer preapprovals on a business loan?

We do not offer pre-approvals on certain business loans, including real estate. If requested, a term sheet can offer you the terms, rates, and conditions of a loan based on your specific request. These terms are subject to change and are not guaranteed, most often conditional on underwriting.

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Business Loans are only available to Michigan businesses. Collateral must be located in Michigan.

Business Account Terms and Conditions

Business Account Schedule of Service Charges

Equal Housing Opportunity

Federally Insured by NCUA

Equal Housing Opportunity

Federally Insured by NCUA

Equal Housing Opportunity

Federally Insured by NCUA

NMLS: 405297

MSU Federal Credit Union savings are Federally insured to at least $250,000 by the and backed by the full faith and credit of the United States Government. APR = Annual Percentage Rate. APY = Annual Percentage Yield. and read our disclaimer regarding links to other sites.

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