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Business Loans and Lines of Credit

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A business owner at work

Borrow to Build your Future

Running a business isn't easy (or cheap). That's where we come in. As a business member of First Entertainment, you will gain access to a team of experienced professionals who consider it our privilege to help your business succeed.

We will take the time to understand your business and develop a plan that maximizes your business strengths.

Contact our Business Banking Experts

Already know what you need? Just call (323) 436-4362 and one of our Business Banking pros will set you up!

You can also send our pros an email.

Business Lines of Credit

Keep a revolving line of credit available for a variety of short-term needs without missing a beat with these features: 

  • Line Limits from $5,000 - $250,000
  • Terms of up to two years (subject to annual reviews)
  • Pay interest only with a 30-day clean-up period1
  • Competitive rates

Business Term Loans

Does your company need some extra cash to operate? If so, this is the loan for you. A closed-end term can be used to provide permanent working capital or make long-term asset purchases. Features include:

  • Loan Amounts from $1,000 - $500,000
  • Terms of up to three years unsecured or five years if secured by equipment or commercial vehicles
  • Competitive rates

Business Credit Cards2

Get a leg up with the plastic that gets things done. Cover your business' everyday needs like purchasing, travel and business expenses with the following features:

  • Credit Limits from $1,000 - $50,000
  • Variable Annual Percentage Rate (APR)
  • No Annual Fee
  • Lost Luggage Reimbursement
  • Trip Delay Reimbursement
  • Concierge Services

Business Equipment Loans

It takes gear to do business! Get yours with our convenient Business Equipment Loans.  

  • Loan Amounts from $2,500 - $500,000
  • Terms up to 5 years

Business Vehicle Loans

Need to get yourself, talent, or gear from Point A to Point B? Our Business vehicle Loans will help get you there.  

  • Loan Amounts from $2,500 - $150,000
  • Terms up to 5 years
  • Variable Annual Percentage Rate (APR3)
  • Vehicles up to a gross vehicle weight (GVW) of 19,500 pounds

Commercial Real Estate Lending

Investor and Owner/User Properties are eligible for our Commercial Real Estate Loans. Commercial real estate property types include office, retail, mixed-use, industrial, single-use and multi-family units. 

  • Business Lending Rates

    Effective Date: April 01, 2020

    Type APR* Maximum Amount Term
    Business Lines of Credit Prime* + Margin of +2.00% to +6.00% $5,000 - $250,000 Up to 2 Years with Annual Reviews
    Business Term Loans Prime* + Margin of -0.25% to +3.75% $1,000 - $500,000

    Up to 3 years unsecured

     

    Up to 5 years if secured by equipment or commercial vehicle
    Business Credit Card Prime* + Margin of +5.99% to +13.65% $1,000 - $50,000 Revolving
    Business Equipment Loans Rates as low as 4.0% APR** (fixed) $2,500 - $500,000 Up to 5 years
    Business Vehicle Loan Rates as low as 3.0% APR** (fixed) $2,500 - $150,000 Up to 5 years

    *Prime Rate is based on that published by the Wall Street Journal.

    **APR = Annual Percentage Rate. For example, based on an average rate of 3.00% APR for new vehicles up to forty-eight (48) months, your monthly payment would be approximately $22.13 per $1,000 borrowed. Rates and terms subject to change without notice. All loans are subject to credit, income, and collateral approval.

    Alternative rates and terms apply depending on applicant's credit and collateral qualifications. Prime Rate is based on that published by the Wall Street Journal.

Contact our Business Banking Experts

Already know what you need? Just call (323) 436-4362 and one of our Business Banking pros will set you up!

You can also send our pros an email.

1 A 30-day clean-up period requires that a business line of credit balances be kept at zero for a thirty (30) day period.

2 Personal Guarantee Required

3 APR = Annual Percentage Rate. For example, based on an average rate of 3.00% APR for new vehicles up to forty-eight (48) months, your monthly payment would be approximately $22.13 per $1,000 borrowed. Rates and terms subject to change without notice. All loans are subject to credit, income, and collateral approval.

The information on this webpage is not an offer to lend. Please note that all Business Loans are subject to the Credit Union’s underwriting and approval requirements. Final terms and conditions will depend on credit qualifications. Alternative rates and terms may apply depending on applicant's credit and collateral qualifications.