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Baton Rouge Business Loans

In Baton Rouge, business is still growing! Looking for a business loan in Baton Rouge to start or grow your business? You have some options. But before you go straight to one of the big banks, look to your local credit union. It might just have the reasonable rates and level of service you need.

Baton Rouge Business Loans

Owning a business is a scary thing. Maybe you’ve had the entrepreneurial spirit your entire life. But even so, it can still be difficult to bear all of that responsibility. At Essential Federal Credit Union, we’re entrepreneurs too. We began when a group of Baton Rouge residents was seeking a better financial institution. Over the decades since our founding, we’ve kept that same spirit and focus on customer service. We know how important your business is to you, your family, and your employees. We offer our friendly, personal service along with our variety of business loans.

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Types Of Business Loans At Essential

You might be starting a business or looking to grow your existing one. Whatever your needs or situation in Baton Rouge, there’s a business loan that might be able to help. You could receive one of the below types of loans. It all depends on your business’s needs and qualifications.

  • Commercial Owner-Occupied Real Estate Loans: Are you looking to buy or build your businesses’ workspace? Essential’s Commercial Owner-Occupied Real Estate Loan could be perfect for you.
  • Term Loans for Business Expansion: Grow your business with an Essential Business Expansion Loan. For example, Equipment Loans and Vehicle Loans could help expand your services.
  • Business Lines of Credit: Move your business forward with a Business Line of Credit. These can help with your needs of short-term working capital. Use them to purchase inventory, project costs, or to help with company payroll.  
  • SBA Loans: Essential participates in several Small Business Administration programs. 7(a) Loans can help small business with a variety of purposes in amounts up to $5 million. Express Loans can be given within 72 hours of applying as a line of credit or a loan. Express Loan can be as much as $350,000.
  • LED Guarantee Loans: Essential can provide guaranteed loans through Louisiana Economic Development loan programs. These can assist with the development, expansion, and retention of Louisiana’s small businesses.
Contact Essential Federal Credit Union in Baton Rouge

Interested in learning how one of these business loans could help you? Take the first step and contact Essential Federal Credit Union. Give us a call at 225.353.8238 or send an email to eservices@essentialfcu.org. You can also contact us via a secure online form. We’ve been helping families and businesses since 1972 by issuing Baton Rouge business loans and other forms of credit. Our other services include banking, credit cards, insurance, and investments. Whatever your personal or professional needs, reach out. We look forward to the opportunity to join your financial family.