Flexible financing for your business’s short-term and seasonal cash needs
With a line of credit, you can draw as much as you need, up to your credit limit. Use the money to meet short-term needs for working capital, such as:
We offer competitive rates on business lines of credit:
For collateral, you can use real estate or business assets such as accounts receivable, inventory, equipment, or cash.
If you’re looking for long-term financing, we also offer business and commercial loans.
In most cases, we can give you a decision on a line of credit in just a few weeks. In some cases, we may need to ask you for more details,
Our loan applications list all the information we need to get started. In some cases, we may ask for additional information after you submit your application.
You can access your business credit line through any of the following methods:
For most lines of credit, your minimum payment each month will be the interest due, or $25, whichever is higher.
For an unsecured line of credit of less than $50,000, your minimum monthly payment is $50 or 2% of your balance, whichever is higher.
With a secured line of credit, we use your business assets — such as cash, inventory, equipment, securities, or real estate — as collateral. This means that if you can’t make your loan payments, we will use those assets to pay back the money you owe.
An unsecured line of credit does not require collateral.
Secured lines of credit typically have lower interest rates that unsecured lines of credit.
No, you don’t have to be a member to apply, but you do need to qualify and complete an application to become a member if you want to accept the loan. But don’t worry—it’s quick and easy to join Alaska USA.
Rates are based off US Treasury Securities or Wall Street Prime Journal, plus points.
NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant’s income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers this credit union’s compliance with the law is: National Credit Union Association, Office of Consumer Protection, 1775 Duke St., Alexandria, VA 22314.
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