Education is Essential

What an Essential FCU Loan Can Do for Your Baton Rouge Business

We understand that this year has been unlike any other for Baton Rouge businesses. And many could use some extra help facing the unique challenges created by the COVID-19 pandemic. At Essential Federal Credit Union, we want you to know that we are with you. And we are ready to provide you with the financial assistance you need to help your business succeed. Learn more about the business loans we provide to clients in Baton Rouge and determine which one is right for you.

You Have Options

We’ve all felt the impact COVID-19 has had on the Baton Rouge community. This includes everything from adapting to remote work and social distancing to the closures of some of our favorite local stores and restaurants. However, for many Baton Rouge businesses a loan can mean the difference between shutting down permanently or weathering the storm. So, before you make the decision to close your doors for good, explore your options and see if a loan from Essential FCU can help you get your business back on track. 

What We Offer

We offer a variety of loans to help Baton Rouge businesses get through the tough times and continue doing what they do best. So, please look over our services to find the one that fits your business’ needs best.

Business Lines of Credit—If you need short-term financial assistance, this loan can help you stay on top of your inventory purchases and payroll needs.

Commercial Owner Occupied Real Estate Loans—Want to purchase your business’ building? This loan helps you do that, giving you control over everything from property maintenance and improvements to increases in leasing rates for renters.

SBA Loans—A Small Business Administration Loan can provide you with the support you need to keep your business moving in difficult times. Essential FCU offers two types of SBA Loans.

  • 7(a) Loans: These are loans of up to $5 million for small businesses with a 75% SBA Guarantee.
  • Express Loans: When a business needs funds fast, an express loan can provide support quickly. Applications receive responses within 72 hours, and businesses can receive loans or lines of credit of up to $350,000 with a 50% SBA Guarantee.

Term Loans for Business Expansion—These loans are suited for businesses in need of additional capital for expansion. And they are ideal for those planning to expand to a new business location or add additional products and services. Additionally, this includes equipment and vehicle loans, giving businesses the resources they need to continue their growth.

Find Business Loans in Baton Rouge

If you are seeking a business loan in Baton Rouge, Essential FCU can help. Whether you need extra money to keep your business running smoothly or additional capital to grow, we can provide your business with the financial assistance to get there. Give us a call at 1-888-369-2207 or contact us online to get started today. You can also stop by our Baton Rouge location on Siegen Lane or find the Essential FCU nearest you to learn more about your financial options. Find the business loan that’s right for you today.