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Last Updated: 06/21/2025

MEMBERS1st Community Credit Union Business Loans

from MEMBERS1st Community Credit Union

Last Updated: 06/21/2025
MEMBERS1st Community Credit Union Business Loans logo
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MEMBERS1st Community Credit Union Business Loans Review

MEMBERS1st Community Credit Union Business Loans is a business financing offering by MEMBERS1st Community Credit Union, based in Marshalltown, IA. Founded in 1964, MEMBERS1st Community Credit Union offers access to small business loans in 1 state across the USA.

MEMBERS1st Community Credit Union Business Loans FAQ

What are MEMBERS1st Community Credit Union Business Loans rates?

MEMBERS1st Community Credit Union Business Loans offers a fixed APR business financing product but they do not disclose their rates.

Does MEMBERS1st Community Credit Union Business Loans charge an origination fee?

Yes, MEMBERS1st Community Credit Union Business Loans charges a loan origination fee .

Does MEMBERS1st Community Credit Union Business Loans charge prepayment fees?

Yes, MEMBERS1st Community Credit Union Business Loans 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 do you need to qualify for MEMBERS1st Community Credit Union Business Loans?

MEMBERS1st Community Credit Union Business Loans requires companies to be in business for at least month
Applicants with a credit score of at least 600 and up to 850 may be eligible for MEMBERS1st Community Credit Union Business Loans. 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 MEMBERS1st Community Credit Union Business Loans.
To qualify, applicants may need to provide the following documentation:
  • Recent pay stubs
  • Proof of income
  • Bank account information
  • Business formation documents
  • Driver's license or other government photo ID
  • Government issued photo ID
  • Proof of identity

Does MEMBERS1st Community Credit Union Business Loans report your account activity to credit bureaus?

Yes, MEMBERS1st Community Credit Union Business Loans 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 MEMBERS1st Community Credit Union perform a hard credit pull?

Yes, MEMBERS1st Community Credit Union Business Loans 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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

PO Box 777
Marshalltown
Marshalltown, IA 50158
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Hours of Operation

SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:30AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturdayClosed

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