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Last Updated: 04/18/2025

Royal Credit Union Small Business Loans

in Business Loans from Royal Credit Union

Last Updated: 04/18/2025

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Highlights

Amount Range

Up to $500,000

APR (Variable APR)

N/A

Loan Term (Months)

N/A

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Royal Credit Union Small Business Loans Review

Royal Credit Union Small Business Loans is a business financing offering by Royal Credit Union, based in Eau Claire, WI. Founded in 1964, Royal Credit Union offers access to small business loans in 50 states (and Washington, DC).

Royal Credit Union Small Business Loans FAQ

What are Royal Credit Union Small Business Loans rates?

Royal Credit Union Small Business Loans offers a variable APR business financing product but they do not disclose their rates.

Does Royal Credit Union Small Business Loans charge an origination fee?

Yes, Royal Credit Union Small Business Loans charges a loan origination fee .

Does Royal Credit Union Small Business Loans charge prepayment fees?

Yes, Royal Credit Union Small 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 Royal Credit Union Small Business Loans?

Royal Credit Union Small Business Loans requires companies to be in business for at least month
Royal Credit Union Small Business Loans 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 Royal Credit Union Small Business Loans.
To qualify, applicants may need to provide the following documentation:
  • Proof of income
  • Business formation documents
  • Business financial statements
  • Driver's license or other government photo ID
  • Proof of identity
  • Proof of citizenship or residence permit
  • Proof of residence

Does Royal Credit Union Small Business Loans report your account activity to credit bureaus?

Yes, Royal Credit Union Small 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 Royal Credit Union perform a hard credit pull?

Yes, Royal Credit Union Small 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

200 Riverfront Terrace
Eau Claire, WI 54703
(800) 341-9911
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Email Support

Hours of Operation

Sunday
Closed
Monday
8:30AM - 7:00PM
Tuesday
8:30AM - 7:00PM
Wednesday
8:30AM - 7:00PM
Thursday
8:30AM - 7:00PM
Friday
8:30AM - 7:00PM
Saturday
8:30AM - 2:00PM

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