Student Loans
Great Lakes Credit Union has everything you need to help manage your money and plan for the future.
Microlending
GLCU offers financing options to help you manage your micro business needs.
- Business must be established for a minimum of one year
- Business and borrower/guarantor must be located in Illinois or Wisconsin
Unsecured Loans
We understand running a business has many costs. At GLCU, we offer financing options to help you manage unexpected expenses or grow your business!
For more information speak with a loan representative or apply today!
| Sole Proprietor or DBA | General or Informational Partnership | Limited or Limited Liability Partnership | Limited Liability Company | Corporation |
|---|---|---|---|---|
| If SSN - Apply for Consumer Personal Loan | IRS Letter Confirming EIN | IRS Letter Confirming EIN | IRS Letter Confirming EIN | IRS Letter Confirming EIN |
| If EIN - IRS Letter Confirming EIN | Partnership Agreement | Certificate of Limited Partnership | Articles of Organization | Articles of Incorporation |
| Business License if Applicable | Certificate of Good Standing | Certificate of Good Standing | Operating Agreement | Bylaws |
| Certificate of Good Standing | Certificate of Good Standing | Certificate of Good Standing |
Micro Business Unsecured Loan Rates
Effective Date: Thursday, April 25, 2024
| Loan Type | Loan Amount | Fee | Term in Months | APR* As Low As |
|---|---|---|---|---|
| Micro Business Unsecured Loan | $500 - $50,000 | $0.00 | Up to 48 months | 8.99% |
| $500 - $50,000 | $0.00 | 49-60 | 9.99% |
*APR= Annual Percentage Rate. Rate is based on credit history, income and other factors. Payment Example: A typical 48 month loan of $5,000 at 8.99% APR has a monthly payment of $124.43.
Auto Loans
GLCU is now offering micro business auto loans for both used and new vehicles! Talk to one of our loan consultants today and get pre-approved for a loan ahead of time. A pre-approval will give you confidence and bargaining power at the dealer, plus you will know where you stand with budget and payments before you make your final decision.
A loan consultant can also help you refinance your existing micro business auto loan. For more information speak with a loan representative or apply today at glcu.org/Apply!
Features
- Low loan rates
- Vehicle is titled in the business name
- Get up to 0.50% APR* discount on your vehicle loan! Learn more.
- Maximum loan amount $50,000
Micro Business Vehicle Loan Rates
Effective Date: Thursday, April 25, 2024
| Vehicle Type | Term in Months | APR* as low as |
|---|---|---|
| New (2020 & Newer) | 48 or Less | 1.74% |
| 60 | 1.74% | |
| 72 | 2.24% | |
| 84 | 3.24% | |
| Used (2019 & Older) | 48 or Less | 2.24% |
| 60 | 2.24% | |
| 72 | 2.74% | |
| 84 | 3.74% |
*APR= Annual Percentage Rate. Actual rate based on credit history, income, vehicle model year, mileage, and other factors. Rates include discounts for maintaining a Business Checking Account and automatic payment in accordance with this promotion. Payment example: A 60-month new auto loan of $20,000 with an APR of 1.740% will result in a monthly payment of $348.31.
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