Last Updated: 04/18/2025
Firelands FCU Commercial Unsecured Borrowing
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Last Updated: 04/18/2025
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Highlights
Amount Range
Up to $500,000
APR (Variable APR)
N/A
Loan Term (Months)
Up to 84
Firelands FCU Commercial Unsecured Borrowing Review
Firelands FCU Commercial Unsecured Borrowing is a business financing offering by Firelands Federal Credit Union, based in Bellevue, OH. Founded in 1957, Firelands Federal Credit Union offers access to small business loans in 50 states (and Washington, DC).
Firelands FCU Commercial Unsecured Borrowing FAQ
What are Firelands FCU Commercial Unsecured Borrowing rates?
Firelands FCU Commercial Unsecured Borrowing offers a variable APR business financing product but they do not disclose their rates.
Does Firelands FCU Commercial Unsecured Borrowing charge an origination fee?
Yes, Firelands FCU Commercial Unsecured Borrowing charges a loan origination fee .
Does Firelands FCU Commercial Unsecured Borrowing charge prepayment fees?
Yes, Firelands FCU Commercial Unsecured Borrowing may charge additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a business loan product because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.What is the maximum business loan term you can get with Firelands FCU Commercial Unsecured Borrowing?
Firelands FCU Commercial Unsecured Borrowing offers small business loans with a maximum term of 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for Firelands FCU Commercial Unsecured Borrowing?
Firelands FCU Commercial Unsecured Borrowing requires companies to be in business for at least month
Firelands FCU Commercial Unsecured Borrowing does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher. U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Firelands FCU Commercial Unsecured Borrowing.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Driver's license or other government photo ID
- Proof of identity
- Proof of citizenship or residence permit
- Proof of residence
Does Firelands FCU Commercial Unsecured Borrowing report your account activity to credit bureaus?
Yes, Firelands FCU Commercial Unsecured Borrowing reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Firelands Federal Credit Union perform a hard credit pull?
Yes, Firelands FCU Commercial Unsecured Borrowing performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
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Hours of Operation
Sunday
Closed
Monday
7:00AM - 9:00PM
Tuesday
7:00AM - 9:00PM
Wednesday
7:00AM - 9:00PM
Thursday
7:00AM - 9:00PM
Friday
7:00AM - 9:00PM
Saturday
8:00AM - 4:00PM