Business Loans
Funding that moves your business forward. From expansion to everyday cash flow, find flexible solutions built to help your business grow.
We Can Help Your Business Grow
Whether you’re starting, growing, or investing in your business, our local commercial lending experts are here to guide you every step of the way.
What do you need funding for?
- Expand or buy property → Commercial Real Estate
- Manage cash flow → Line of Credit
- Buy equipment or vehicles → Installment Loan
- Start or grow a business → SBA Loan or Small Business Loan
- Cover everyday expenses → Business Credit Card
Business Loan Options
Commercial & Investment Real Estate Loans
Use an Honor commercial real estate loan to purchase a new location or expand or renovate your existing operation
- Commercial real estate loans can be used for new purchases or to refinance existing loans
- Fixed and variable rate terms to meet the needs of your business
- Competitive rates with flexible payment options including: weekly, bi-weekly, bi-monthly, monthly, or annual
Speak with a Commercial Loan Officer to get started
Business Installment Loans
An Honor installment loan can be used for commercial, real estate, or construction needs
- 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
Speak with a Commercial Loan Officer to get started
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
Speak with a Commercial Loan Officer to get started
Small Business Loan
A small business loan can be used for commercial, real estate, or construction needs
- Use to 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
Note: 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. Click here for more information →
Speak with a Commercial Loan Officer to get started
SBA Loan
Big goals require the right financing. An SBA loan can provide flexible funding to help your business move forward.
- Lower down payment options than many traditional business loans
- Longer repayment terms to help manage cash flow
Funding available for real estate, equipment, business acquisitions, and expansion - Government-backed financing tailored to the needs of small businesses
Speak with a Commercial Loan Officer to get started
Business Credit Card
- Flexible credit limits No annual fees
- Earn 2 reward points for every $1 spent! Load your card into your
- Digital Wallet on your phone.
- Click here to learn more.
- Enjoy 24/7 fraud protection and card support.
Speak with a Commercial Loan Officer to get started
Local Businesses, Real Relationships
Local Businesses, Real Relationships
“Honor provided outstanding loan terms, flexibility in repayment, and loan covenants that do not put our enterprise at risk.”
– Vail Rubber
St. Joseph, MI
“When I purchased my business, Honor played a key role. They guided me through setting up accounts, a line of credit, and everything I needed to get started, making a complex process feel simple.”
– Professional Hearing Services
St. Joseph, MI
“The business loan has been the most impactful product for us. It helped us purchase the business and has supported our continued growth and expansion.”
– Copper’s Dog House
Kalamazoo, MI
Meet Your Local Experts
We ask that you connect with one of our local experts so they can work with you one-on-one to help you and your business achieve financial success.
Your Local Business Lending Team
Select your nearest location to get started
Meet Your Local Experts
We ask that you connect with one of our local experts so they can work with you one-on-one to help you and your business achieve financial success.
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.