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Business Lending Solutions

Genisys Credit Union believes that investing in entrepreneurs strengthens our economy and builds a better community. Genisys provides Business Lending solutions to Michigan businesses to meet the needs of our business owners that want to expand on their existing business.

Genisys provides Business Lending solutions to Michigan businesses to meet the needs of our business owners that want to expand on their existing business.

Line of Credit

Finance short term asset/inventory and receivables revolving:

  • Variable interest rates (prime + 1 and up)
  • Interest paid monthly
  • Annual review/draws as needed

Term Loans

Finance purchase of equipment, vehicles, business assets:

  • Variable or fixed-rate
  • Average term 5 years
  • Monthly P&I payments (may have a draw period of interest only)

Commercial Mortgage

Commercial real estate property:

  • Variable or fixed-rate
  • 5 - 10 year term
  • Generally requires 20% down payment

SBA 7(A) Loan

Multi purpose, generally start up business:

  • Generally fixed rates
  • SBA sets maximum
  • Extended terms available up to 25 years on real estate
  • No balloon terms

SBA Express

Multi purpose loan:

  • Generally variable rate, can be fixed
  • SBA sets maximum rates
  • Extended terms
  • No balloon terms

To learn more or apply for a Genisys Credit Union Business Loan:

  • Call or visit one of our branches
  • Contact the Business Lending Manager at 248-322-9800, ext. 1053
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