Business Loans & Lines of Credit
Lending that keeps your business moving forward.
At Elevations, we take the time to listen to your unique business lending needs. Our team is here to help you find a loan or line of credit designed to finance whatever your business needs: working capital, commercial real estate, machinery and equipment, a new or used vehicle, green energy upgrades, technology or just about anything else.
Benefits of Elevations Business Lending:
Local, in-house underwriting and processing for market-leading turnaround times
Partnership with your Business Banker to keep you informed at every step
Competitive rate and fee structure
Numerous term and structure options to fit the unique needs of your business
ASSETLINE BUSINESS LINE OF CREDIT
Spending power, when and where you need it.
AssetLine is a different business line of credit. A convenient and efficient way to meet your day-to-day cash flow needs, AssetLine gives you access to up to $30,000 of working capital.
Business Lines of Credit
Draw the funds you need. Only pay for what you use.
Get the security and convenience of a revolving line of credit for your working capital needs. Elevations Business Lines of Credit are secured loans, meaning the assets of your business serve as collateral for the line of credit. You may borrow anywhere from $100,000 up to several million dollars if your company’s financial position supports it. After you pay down funds you’ve used, that credit becomes available to be used again.
Graham Bailhache and Kathleen Shea of BV Builders — general contractors, custom builders and entrepreneurs in Lafayette. Elevations members since 1990 and 1992.
With one lending team under one roof, you can benefit from faster turnaround times and stronger communication.
We have many loan options for businesses:
Business Term Loans
Equip your business with the right loan to grow.
At Elevations, we work in your best interest to make sure you receive a loan with the right terms — whether it’s funding for equipment, machinery or other assets, or even financing for energy-efficiency and renewable energy upgrades in your facilities. Our term loans offer flexible terms, competitive rates and market-leading underwriting and approval times so that your business can keep moving along.
Commercial Real Estate Loans
Get your next real estate purchase off the ground.
Whether purchasing space for your business or refinancing your current one, we can help with commercial mortgages for both owner-occupied and investment real estate of all types. Owning your commercial space will always be one of the largest assets for your business, allowing you to build equity and take the most control of your space.
SBA 504 Loans
Long-term project financing made possible.
In certain situations, you may qualify for the U.S. Small Business Administration’s 504 Loan Program. An SBA 504 loan allows you to take advantage of lower rates, longer terms and minimal cash down on the purchase of certain long-term assets including owner-occupied commercial real estate, the renovation of your existing property or the purchase of certain equipment and machinery.
Vehicle Loans
Put your business in the driver’s seat.
We have affordable options that make it easy to buy your next business vehicle or refinance your current one. We offer loan amounts from $10,000 to $250,000, a maximum loan term of 84 months and a maximum loan-to-value (LTV) of 100%.
Our Banking Team
We’re in business for your business.
Elevations Credit Union’s Business Banking Team has the financial well-being of your business in mind and at heart. Serving businesses across Colorado’s Front Range, our team provides a consultative approach to help you realize long-term success for your business, whether you’re just starting out or have matured and grown over many years.
BUSINESS LENDING BLOG
How to build credit for your business.
Establishing credit and building a strong credit history are essential for any business owner interested in growing their business. Get tips to successfully navigate the path of building credit in this blog.
Commonly asked questions
The first step you, a business owner, should take when assessing working capital needs is to call your banker and set up an appointment. Your banker is trained to ask specific questions and help guide you toward the best solutions for your business. While you may think a particular option is the best fit for you and your business, your banker may come to a different conclusion and offer you a perspective not yet considered.
Be prepared to provide your banker with at least two years of financial statements, as well as details on your personal financial health. In general, a good rule to keep in mind is your banker would rather have more information than less, so don’t worry about inundating him or her with documents.
AssetLine allows Elevations business members to access working capital how they choose, meaning they can advance funds via online banking or at an Elevations branch.
Elevations Business Energy Loans offer financing for energy efficiency and renewable energy upgrades. This program is available to Boulder County businesses through EnergySmart(opens in a new window) and to business customers of the City of Fort Collins utilities.
Elevations encourages businesses to visit Lendio's website(opens in a new window) to learn more about alternative loan options.
More ways we can help your business
CUSTOM SOLUTIONS
Our Business Banking Team can help you find banking solutions fit for your needs.
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