Rates
12 Month Certificate - 3.95% apy*
5 Year Bonus Certificate - up to 3.05% apy*
Money Market Rates -
up to 3.00% apy*
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Member Business Loans
Business loans with a personal touch
Dream big — we’ll help you fund it! Take your business to the next level with our low rates and flexible terms. We offer a full range of loans for all of your business needs, and there are no penalties for paying off your loan early. Apply for a business loan today to take the next step in building the future you’ve envisioned for your business.
Funding for Every Stage of Your Business
Competitive Rates | |||
Our low rates help your business save so you can have more for operations, growth, and other needs. | |||
Flexible Terms | ||||
Flexible repayment options ensure your business loan works with your cash flow, and not against it. | ||||
Multiple Financing Options | ||||
We offer a variety of business loans to meet your specific needs and goals. | ||||
Member Business Loans Details
We offer a full range of business loans to help you get the financing you need to operate and expand, including loans for:
- Owner-occupied real estate
- Investor commercial real estate
- Investor residential real estate
- Secured business line of credit
- Secured term loans
- Equipment and machinery – financing up to 75% of value
- Vehicles – financing up to 100% of value
- Credit cards – up to $30,000 limit
Apply for a business loan today to get low rates, flexible terms, and personalized service!
How to Apply for a Business Loan with CACL
Apply | |||
Step 1 | Contact us at 570-628-2400 (ext. 402) or send us an email at businessloans@caclfcu.org. | ||
Apply for a Loan | |||
Step 2 | Provide the required documents to begin the application process. | ||
Application Review | |||
Step 3 | Our team will review your application and contact you to discuss available options. | ||
Testimonials
“CACL is the most accommodating, helpful and friendliest bank in Schuylkill! I can't say enough how happy I am with CACL over traditional banks and other credit unions!”
- Lisa B., Pottsville, PA
“Great customer service and top-notch loan department. They are always going out of their way to help the people in Schuylkill County! I would recommend!”
- Joe S., Pottsville, PA
“I love my little credit union and am grateful to have such a partner looking out for my financial health.”
- Chrissy S., Pottsville, PA
Member Business Loans FAQs
| What types of businesses qualify for Member Business Loans? |
|---|
| Many types of businesses qualify for our credit union business loans, including non-profits, partnerships, corporations, LLCs, associations, clubs, and organizations. |
| How is a business term loan different from a business line of credit? |
| A business term loan and a business line of credit differ in how the funds you borrow are accessed and how they are repaid. With a business term loan, you'll receive a lump sum of money upfront and repay it with monthly payments over a fixed term. These loans are ideal for large purchases, like real estate and equipment. A business line of credit works similar to a credit card. It allows you to borrow money as you need it up to your credit limit. You can borrow money, repay it, and then borrow again as often as you like during the draw period, which may be up to 5 years. These flexible loans can help you manage cash flow, cover unexpected expenses, or handle seasonal fluctuations. |
| Can startups apply for business loans? |
| To qualify for a Member Business Loan, your organization must provide financial information for three operating years, including business tax returns, fiscal year-end business financials, personal tax returns, and other information, depending on the loan type. |
| What are the advantages of getting a business loan from a credit union? |
| Credit unions are non-profit financial organizations. Their primary focus is serving the needs of their members instead of earning profits for distant investors. Their non-profit status allows them to offer lower rates and lower fees than traditional banks, which helps businesses save. Credit unions also offer personalized service and all loan decisions are made locally. They prioritize building long-term relationships by taking the time to understand the business's needs and goals to create customized solutions. |
| Can I pay off my loan early without penalties? |
| Yes, you can make extra payments or pay off your loan early to save on interest without penalties. |
| Are Member Business Loans available to businesses outside of Pennsylvania? |
| Our Member Business Loans are for businesses that are based out of or conduct business in Schuylkill County, Pennsylvania. |
| What is the debt-to-income ratio, and why is it important for business loans? |
| The debt-to-income (DTI) ratio is one of several factors that are considered for loan approval. It's a comparison of your business's monthly income to its monthly debt payments. A lower DTI ratio shows that a business has sufficient income to make its loan payments. On the other hand, a higher DTI ratio may suggest that a business will struggle to make its loan payments. |
| Do I need to be a member of CACL Financial to apply for a Member Business Loan? |
| Yes, you will need to join CACL Financial to apply for our business loans. Membership is open to anyone who lives, works, worships, volunteers, conducts business or attends school in Schuylkill County. Join today by stopping by any of our branch offices with your valid state-issued ID and a $5 deposit. |
Why Wait? Join Today!
CACL Financial is a trusted partner for all of your business needs. As a member-owned, not-for-profit organization, we offer competitive rates and low fees to help your business save. Whether you're looking for financing to buy new equipment or expand, or you need business accounts for your daily operations, we're here to support you every step of the way. Apply for membership today to get the financial resources your business needs to move forward.
Still Have Questions?
Reach out to us at questions@caclfcu.org or call us at 570-628-2400 for personalized assistance.
