A term loan is a great way to finance a new venture or an expansion. Every business is in a different state of growth or has unique needs. This is a popular loan to help meet those needs because there are a variety of terms and rates. A local and dedicated Commercial Officer will work with you to determine the right terms and loan for your needs.
In addition, Magnifi Financial partners with several agencies to obtain GAP financing and low-cost solutions for your business' needs. Participation with these agencies help provide cost-effective solutions to your business. Some of the agencies Magnifi Financial participates with include:
As the largest commercial-lending credit union in Minnesota, we are able to provide our business members with low loan rates.
Magnifi Financial has a variety of terms available for business loans to fit your situation, like 1, 3, or 5-year repayment terms.
Having fixed payments each month helps you budget better because you know what to expect.
Many businesses use term loans for the following purposes.
Click here to learn more about what you'll need for your new business account.
Fill out our online form with some information about your business and the products or services of interest. Your local Commercial Officer will be in touch within 1-2 business days.
You can open a business account or loan at any Magnifi Financial location. Each location has a designated Commercial Officer, but we recommend you call ahead to make an appointment.
We have a dedicated phone line for business members, which will help you reach someone who can help faster and save you precious time.
Check out some of the other business loan options available with Magnifi Financial
At Magnifi, you're not just a member-owner of an award-winning credit union; you're part of Magnifi and receive all the benefits and perks you need to succeed financially.
