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Small Business Lending

Business Lending Made Easy

Visit The Small Business Center at Superior Credit Union the next time your business is seeking financing to startup or expand. Whether it’s real estate, equipment or a line of credit – Superior has the commercial loan for you. Most importantly, no dream is too big OR small for us to finance! Our staff of experts will provide the fast service and local, personal touch your business deserves – and without paying an arm and a leg. Stop in today and see what a difference the credit union can make for your business!

Superior has a full-service menu of competitive interest rate commercial and agricultural loans with flexible repayment terms and low closing costs, but without sacrificing the personal service and speed you desire. See one of our commercial officers the next time you need a loan for construction, purchasing real estate or equipment, or simply a line of credit for your small business.

We specialize in Small Business Administration (SBA) loans to help save your business money. An SBA 504 loan, for instance, helps the business borrower fix a percentage of their total loan amount at a below-market rate with only 10% down payment required. An SBA 504 loan is typically used to purchase a long-term fixed asset such as land, building(s), or equipment. An SBA 7A loan is a program designed to assist business borrowers get the loan they need when normal underwriting guidelines may not permit - in other words, it gives small business owners access to the same types of reasonably priced, long-term financing available to large companies by virtue of their size and clout. This type of loan is usually taken out to secure equipment or receivables. A United State Department of Agriculture (USDA) loan can be used in much the same way as an SBA 504 or 7A loan, except the business purchase is usually pertaining to farmland, equipment, or livestock purchases.

The Small Business Center also works with area government and economic development groups, including The DARCY Fund, Downtown Lima, and the Wapakoneta Area Economic Development Council, to provide low cost revolving credit to member businesses.

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