Business Loans

We Can Help Your Business Grow

To grow your business, sometimes you need a little help. Expanding your office, or adding a new location? We can help with that. Buying new equipment? We can help with that too. Whatever your situation, we have a lending solution to meet your needs.

We’re glad you’re ready to get started with a business loan or business credit card! Because we know every business has unique needs and goals, we want to work with you one-on-one to understand your situation and put you in the best position for success. 

Please reach out to one of our business lending experts to get started!

Not a Member Yet?

No problem! The first step is to talk to one of our business experts, or stop by a local Honor member center.

Commercial & Investment Real Estate Mortgages

  • Use an Honor commercial real estate loan to purchase a new location or expand or renovate your existing operation
  • Our commercial real estate loans can be used for new purchases or to refinance existing loans
  • We offer fixed and variable rate terms to meet the needs of your business
  • Our rates are competitive with flexible payment options including: weekly, bi-weekly, bi-monthly, monthly, or annual

We’re glad you’re ready to get started with a business loan or business credit card! Because we know every business has unique needs and goals, we want to work with you one-on-one to understand your situation and put you in the best position for success. 

Please reach out to one of our business lending experts to get started!

Not a Member Yet?

No problem! The first step is to talk to one of our business experts, or stop by a local Honor member center.

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Installment Business Loans

  • Use an Honor installment loan to purchase equipment or vehicles
  • Installment loans have competitive rates with flexible terms to meet your needs
  • Talk with our business team about the possibility of using an installment loan to help start your business or consolidate debt

We’re glad you’re ready to get started with a business loan or business credit card! Because we know every business has unique needs and goals, we want to work with you one-on-one to understand your situation and put you in the best position for success. 

Please reach out to one of our business lending experts to get started!

Not a Member Yet?

No problem! The first step is to talk to one of our business experts, or stop by a local Honor member center.

Business Line of Credit

  • More flexibility than a traditional business installment loan
  • Manage your day-to-day business needs, from payroll to overhead costs
  • Allows you to take advantage of immediate business opportunities
  • An Honor Business Line of Credit can be either secured or unsecured

We’re glad you’re ready to get started with a business loan or business credit card! Because we know every business has unique needs and goals, we want to work with you one-on-one to understand your situation and put you in the best position for success. 

Please reach out to one of our business lending experts to get started!

Not a Member Yet?

No problem! The first step is to talk to one of our business experts, or stop by a local Honor member center.

Business Credit Card

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  • Earn rewards on all purchases, with 1 point for every $1 spent!
  • Credit limits up to $50,000
  • No annual fees

We’re glad you’re ready to get started with a business loan or business credit card! Because we know every business has unique needs and goals, we want to work with you one-on-one to understand your situation and put you in the best position for success. 

Please reach out to one of our business lending experts to get started!

Not a Member Yet?

No problem! The first step is to talk to one of our business experts, or stop by a local Honor member center.

Small Business Loan

Start Your Business

  • A small business loan, often called an SBA Loan, can be used for commercial, real estate, or construction needs
  • You can refinance or purchase equipment
  • Fixed or variable interest rates with flexible terms, depending on your needs
  • Down payments as low as 10 percent on commercial real estate
  • Before you start the application process, we recommend you build a plan for your business. This will help the loan application process and be instrumental to you in creating your vision for your business.

We’re glad you’re ready to get started with a business loan or business credit card! Because we know every business has unique needs and goals, we want to work with you one-on-one to understand your situation and put you in the best position for success. 

Please reach out to one of our business lending experts to get started!

Not a Member Yet?

No problem! The first step is to talk to one of our business experts, or stop by a local Honor member center.

Build Your Business Plan

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Contact Our Business Team

Catie Brown-Busch

Honor Credit Union Business Development Officer Catie Brown-Busch

Coverage Area
St. Joseph, northern Berrien County, and Van Buren County

Office Phone
800.442.2800 ext. 2726

Cell Phone
989.615.9526

Email
cbrown-busch@honorcu.com

Jamie Gollakner

honor credit union business development officer jamie gollakner

Coverage Area
Marquette, Negaunee, Gwinn, and all Upper Peninsula communities

Office Phone
800.442.2800 ext. 5005

Email
jgollakner@honorcu.com

Denise Nowak

Honor Credit Union Business Development Officer Denise Nowak

Coverage Area
Greater Kalamazoo area, Portage, and Battle Creek area

Office Phone
800.442.2800 ext. 9295

Cell Phone
616.745.9675

Email
dnowak@honorcu.com

Michael Rowland

Honor Credit Union Business Development Officer Michael Rowland

Coverage Area
Buchanan, Niles, New Buffalo, and southern Berrien County Area

Office Phone
800.442.2800 ext. 9545

Cell Phone
269.369.7212

Email
mrowland@honorcu.com

BUSINESS LOAN FAQs

If you have a great idea for a business we want to hear it and help you make your dream a reality. We recommend you start by putting a business plan together. This will help you better understand what your next steps might be. Get started building a plan

You will need the following documents:

  • Business debt schedule
  • Copy of full federal personal tax returns from previous three years if possible
  • Copy of full federal business tax returns that you are at least 20% owner of (from previous three years if available)
  • Two months of personal and business (if available) bank or credit union statements

Businesses must be for profit and must operate in the United States. Business cannot have more than $15,000,000 in maximum tangible net worth and a two-year average net income after federal income tax of $5,000,000. Business must be able to show that they can repay the loan from existing cash flow.

Qualification to apply does not mean the loan will be approved if these criteria are met. Request must still be underwritten and approved by Honor Credit Union and the SBA.

  • Most loan options require a 20 percent down payment or equivalent equity injection if available.  
  • SBA & USDA loans must comply with program guidelines, but do require a minimum 10 percent down payment or equivalent equity injection.