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bcu has been around since the 1970s, when the Bananacoast Community Credit Union was launched as an alternative to traditional banks. The main features of bcu Business Line of Credit are the large minimum and maximum loan amounts that you can apply for, in order to help your business thrive and you can chase potential opportunities. The minimum amount you can apply for with this line of credit is $20,000 and the maximum you can apply for is $6,000,000. With such a large minimum and maximum amount on offer, your business doesn't have to worry about short-term capital needs, such as the need to even out cash flow. You'll be able to jump on business opportunities that come your way.
The bcu business line of credit is no longer offered by bcu. Click here to compare alternative business line of credit products.
$6,000,000
Max. Loan Amount
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Product Name | bcu Business Line of Credit |
---|---|
Min. Loan Amount | $20,000 |
Max. Loan Amount | $6,000,000 |
Loan Security | Secured |
This line of credit has a simple application process, although you must be a member of bcu in order to apply for a loan. You also need to submit business and personal data so that bcu knows you're capable of meeting your responsibilities with this loan. As there are no minimum and maximum terms, this means there are no set monthly repayments and that will take the burden off your business.
There are many features that come this loan, which include:
Here are some of the fees you can expect with this loan:
With this line of credit, there is no annual loan fee, redraw fee or early loan repayment fee.
In order to be eligible for this line of credit, you need:
Some documents you need to apply for this loan are:
With very generous minimum and maximum loan amounts, this is a line of credit to consider while doing the research for what is right for your business and future growth.
Whilst we don't directly compare the bcu Business Line of Credit, compare other business loans offering similar features.