*Business Credit Cards
The FirstLight Federal Credit Union Business Credit Card provides a flexible way to have purchasing freedom while controlling your business expenses. Your business can get a Visa® credit card with a limit between $1,000 to $30,000, with an annual percentage rate from 7.9% to 18%. The FirstLight Business Credit Card allows…- Separation of business and personal expenses
- Issuance of cards to employees for travel or other expenses
- Set spending limits for each employee
BENEFITS:
- Freedom from annual fees
- 25 day grace period on purchases
- Available cash advances
- Travel Accident and Baggage Delay insurance included
- Auto Rental Collision Damage Waiver
- Travel and emergency assistance services
All business credit cards earn CU Rewards points, and every purchase made with your business credit card earns points towards valuable rewards. With as little as 2,500 points, you take home a reward! It’s easy and fun to move beyond banking with features you won't find at a traditional bank! CU Rewards gives you access to quality merchandise and exciting travel opportunities.
*Line of Credit
The FirstLight Federal Credit Union Line of Credit will allow you to borrow as much as you need, when you need it. Borrow a set amount and pay it down repeatedly, balancing your cash flow with a ready source of short-term funding that’s always available. A line of credit is simple and easy to use, and is an excellent financial tool to…
- Cover short-term cash advances until accounts receivable can be collected
- Take advantage of supplier discounts
- Cover seasonal working capital needs
A Line of Credit is often secured by a business' accounts receivable, inventory or other business assets renewable annually. The funds can be accessed through ATMs, your checking account or through a cash advance from one of our professionally trained tellers. Move beyond banking! It just got easier for your business!
*Installment Loans
FirstLight installment loans are an ideal way to finance the acquisition or upgrading of the company’s productive assets. Make a positive move, and move beyond banking with installment loan used for…
- Purchasing machinery, equipment, furniture and fixtures
- Adding to long-term working capital
- Expanding or modernizing facilities
- Purchasing vehicles or securing other commercialized transport
*Commercial Real Estate
FirstLight not only offers a competitive financing option for buying real estate, but also helps with the purchase of existing buildings and the refinancing of current loans. These loans make financing real estate simpler by using the property as necessary collateral, which means you can use the loan for…
- Commercial properties, both owner and non-owner occupied rental housing
- Apartment complexes
- Combination business/residential properties
We understand that your real estate transaction may be unique. FirstLight promises an innovative and flexible program for our customers that you can't just find at any traditional bank. It's all part of our promise to help you move beyond banking!
*CD Secured Loans
Looking something between a higher but stable fixed rate loan and a more affordable but less predictable variable rate loan? Now you have a choice at FirstLight Federal Credit Union! For low interest rates, a loan may be secured or collateralized by shares, or certificates of deposit. With a share loan, you can choose between a fixed or variable rate. This kind of loan is an excellent way to establish credit for your business. Either way, it's just another way that FirstLight helps you move beyond banking!
*These services are only available to the new Business Savings Account and any if the following business accounts: Simply Start-Up Business Checking, Simply Business Checking and Simply More Business Checking.
