The new Paycheck Protection Program (PPP), part of the CARES Act, includes $350 billion in lending authority to the Small Business Association (SBA).
Click here for more information.
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.
We offer the following business loan options to help grow your business:
|Business Purpose Loans|
|Effective Date: April 1, 2020|
|New titled collateral, over $30,000-$50,000||up to 84 months||prime + 1% = 6.00%|
|Used titled collateral, over $30,000-$50,000||up to 84 months||prime + 1.5% =6.50%|
|New, non-titled collateral over $30,000-$50,000||up to 84 months||prime + 2.0% = 7.0%|
|Used, non-titled collateral, over $30,000-$50,000||up to 84 months||prime + 2.5% = 7.50%|
|Fixed, unsecured (no collateral)||up to 36 months||prime + 6 = 11.00%|
|Revolving line of credit||prime + 8% = 13.00%|
|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.|
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.121 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.
"I recently opened a commercial account and have had a hard time getting access to it (linking it to my personal and joint account). Tiffany worked magic then walked me thru the process and now all my accounts are at my fingertips! She was patient with me (today nothing wanted to work! LOL) and helped me out. This was my 2nd time trying to get this resolved. I really appreciated her help and professionalism and great attitude!"
~Liz L. from Richardson, TX
As a FreeStar Financial Credit Union business account holder, your employees are eligible for the following additional benefits:
*See Boomerang Checking page for details.
Earn more on your money by using one of the following solutions:
|Business Money Management Account|
|Effective Date: March 1, 2020|
|Minimum Balance||Dividend Rate||APY*|
|*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.|
Visit any of our branch offices to begin your financial relationship with FreeStar Financial Credit Union and start saving money today!
For more information on business accounts, contact Crystal Dennis at 586-466-7800 ext. 116.Go to main navigation