Business Lending at Nutmeg State FCU - WFSB 3 Connecticut

Business Lending at Nutmeg State FCU

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Visit NutmegStateFCU.org for more information from John Holt and his team!
 

Today's Main Points:

  • Small businesses depend heavily on local financial institutions for financing whereas big banks allocate relatively little of their resources to small businesses
  • One of the few credit unions in the area that offer business lending
  • Focused on offering member business lending to the small business owners within our field of membership. Our target market includes established, owner-operated businesses with annual revenues of less than or equal to $5m and less than or equal to 500 employees. Business must be located in within the four counties
  • Offer term loans for long-term financing such as equipment purchase or to facilitate business expansion
  • Offer lines of credit for short-term capital needs
  • Offer commercial mortgages at competitive rates for the purchase or refinance of commercial property
  • Offer business share, checking and money market accounts. Merchant services also available
  • Our goal is to build long-term, trusting relationships and community partnerships by providing affordable solutions through an exceptional member experience
  • We're just as much a part of the community as our small business partners. We care about the community because the more the community prospers, the more we prosper