Simple - Business - Banking

At FreeStar Financial, we understand that growing your business is your primary focus. That’s why we want to simplify your banking to alleviate worries about maintaining monthly balances or being hit with unexpected fees. We offer perks to your employees, too, which can help retain staff. It’s time to switch and bank with a credit union. Experience the friendly, personalized service your business deserves.

Business Lending

We offer the following business loan options to help grow your business:

  • Vehicle loans for titled vehicles
  • Business line of credit up to $30,000
  • Business Visa credit card up to $15,000

New business loans: Please view our Loan Checklist and Required Documentation checklist.      

Apply Now!  

Business Purpose Loans
Effective Date: December 1, 2021
New titled collateral, over $30,000-$50,000 up to 84 months prime + 1% = 4.25%
Used titled collateral, over $30,000-$50,000 up to 84 months prime + 1.5% = 4.75%
New, non-titled collateral over $30,000-$50,000 up to 84 months prime + 2.0% = 5.25%
Used, non-titled collateral, over $30,000-$50,000 up to 84 months prime + 2.5% = 5.75%
Fixed, unsecured (no collateral) up to 36 months prime + 6 = 9.25%
Revolving line of credit   prime + 8% = 11.25%
Visa credit card   12.90%
*APR=Annual Percentage Rate. Rate is as low as; and may change based on credit history, term and other determining factors. Payment example: A loan of $30,000.00 at 6.00% for 60 months would have a monthly payment of $581.45. Equal opportunity lender.

Apply for a FreeStar Financial business loan

For loans under $50,000, contact our Lending department at 586-466-7800 opt. 3 for business or visit any of our convenient branch locations

For loans over $50,000, contact our Commercial Lending Department at 586-466-7800 ext.102 or download our application today. All business loans over $50,000 are processed by our third-party vendor, Michigan Business Connection (MBC). The credit union still funds and holds your loan and will be your primary contact.

For refinances, complete this application. After the application is completed, send to

To complete your business loan application, please view our Loan Checklist and Required Documentation needed.

Business Checking

  • Free ATM network, over 1,600 in Michigan; over 30,000 nationwide
  • Free mobile deposit for checks
  • Free online banking and bill pay
  • After hours deposit
  • Merchant services provided by Clover/Fiserv.
  • Personal member service

Employee Perks

As a FreeStar Financial Credit Union business account holder, your employees are eligible for the following additional benefits:

  • Boomerang Rewards Checking Account paying 4%*
  • Free credit union membership
  • Free educational seminars
  • High-interest Certificate of Deposit options
  • All the benefits and conveniences of credit union membership!

*See Boomerang Checking page for details.

Grow your savings

Earn more on your money by using one of the following solutions:

  • We've created a Business Money Management Account allowing the flexibility of earning more while having access to your money.
  • Short-term Certificates of Deposit are another great alternative to earn more on your money without a long-term commitment.
  • Want to earn even more? Consider a Bump Rate CD where you lock in a rate for 3 years or 5 years and if the rate goes up, you can request a bump to the higher rate.

Business Money Management Account
Effective Date: December 1, 2021
Minimum BalanceDividend RateAPY*
$1,000-9,999 0.100% 0.100%
$10,000-24,999 0.200% 0.200%
$25,000-74,999 0.250% 0.250%
$75,000-149,999 0.300% 0.300%
$150,000+ 0.399% 0.400%
*APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365-day period, and expressed as a percentage. Dividends paid monthly.