Business Loans

Realize your business goals while effectively managing the bottom line with an Awakon Federal Credit Union business loan.

We have the products to help finance your business’s short and/or long term goals;

  • Commercial Real Estate Mortgages
  • Lines of Credit
  • SBA Guaranteed loans
  • Commercial Equipment loans
  • Business Credit Cards

Below is a list of the information needed to apply for a Commercial Loan with us.

To ensure a timely review of your application, please submit these documents within 30 days of the date of the Commercial Loan Application. The documents can either be emailed to (please contact Katie @ 989.733.8557 Ext 2501, to establish the most secure connection), dropped off at any one of our five branch locations, or mailed to 1496 W. Main St, Gaylord, MI 49735.

Signed Commercial Loan Application
• Business Debt Schedule
• Personal Financial Statement for Each Guarantor
• Real Estate Portfolio Details – Investment Properties
• Business Description (Can Include your Business Plan)
• Primary Form of ID for Each Borrower
• Last 3 Years Corporate Tax Returns (Including K1 Schedules if Applicable)
• Last 3 Years Personal Tax Returns for Each Guarantor (Including K1 Schedules if Applicable)
• Interim Corporate Financial Statements Dated Through Most Recent Quarter
• Last 2 Months of Corporate Bank Statements
• Last 2 Months of Personal Bank Statements for Each Guarantor

Some of these documents may not apply to you at this time.

For more information or to start the application process please fill out the form below.

Business Loan Contact Request

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How Are Credit Unions Different?

        1. Your credit union is a different kind of financial institution. Here are four key factors that set us apart from other financial institutions:1. You are an owner. Members who belong to the credit union are its owners, not merely customers. That’s because credit unions are set up as not-for-profit cooperatives.
          2. You pay lower loan rates and earn higher dividends. Because credit unions are not-for-profit businesses, they return income to members in lower loan rates and higher savings rates. Also, unpaid qualified volunteers serve on the credit unions’ boards and committees. This means lower costs of doing business–no hefty payments to a corporate board. Credit unions pass along those savings to members in the form of better deals.
          3. You pay lower fees. At the credit union, you’ll find no or lower ATM fees, lower service charges on checking accounts, and lower fees for overdrawn checks than fees at banks.
          4. You get extra attention. Credit union staff help members toward financial health. We are here to answer members’ questions or offer one-to-one counseling.