Business Loans

Launch CU has partnered with NU Direction lending to assist our members with small business loans where they may not have real estate as collateral.

Our Unique Solution Features:

• Loan amounts between $25,000 – $500,000
• Quick turnaround time of 5-6 business days from online application to funding
• Loans are fully amortized for 1-5 years.

Eligibility Requirements Include:

• Business must have revenue > $150,000 the last twelve months
• Been in business > 24 months
• No bankruptcy in past 5 years; No unpaid judgment or liens in past 5 years; No collections, charge off or 90 day+ trade in last 24 months
• No current delinquencies.
• FICO > 650

Our lending model is focused on helping healthy businesses grow.

Launch CU has partnered with MBFS to assist our members with Commercial Real Estate Lending for purchase, refinance, and remodeling.

Features:

• Construction to permanent financing is available, with amortization schedules up to 25 years.
• Loans starting from $50K
• Long-term fixed interest rate commercial mortgage

Eligibility Requirements Include:

• Established Business (2+ years recommended)
• Real Estate – 1st lien