Business Secured Lines of Credit
Bellco Federal Credit Union in Berks County, PA, offers Secured Lines of Credit that are designed to meet the specific needs of your business
Bellco FCU has been community focused since our inception in 1938, and that belief allows us to offer the highest level of customer service to small businesses, the lifeblood of our communities. Establish a loan, credit card or line of credit with us and see why we are the credit union people love!
Even the most successful small businesses experience slow sales, late payments of their invoices, unplanned expenses, and other short-term situations where cash flow is uncertain.
With a Secured Line of Credit from Bellco FCU, your business will have the working capital it needs to get through a sudden cash-flow emergency, backed up by collateral, such as inventory or accounts receivable.
With this line of credit, you can keep reusing and repaying it as often as you’d like, as long as you make payments on time and don’t exceed your credit limit. If used wisely, it can help your business become and remain successful.
When you apply for a line of credit, having better credit scores could help you qualify for a lower annual percentage rate.
How Credit Unions Can Help Your Business
As you build your business, the ability to form a relationship with a community credit union you can trust, one with your best interests at heart, can make all the difference in the world.
Credit unions are often more attuned to market conditions in your neighborhood and more willing to work with you based on your character and complete profile, instead of looking at you only as a credit score.
Bellco FCU is also friendlier than a bank! Our dedicated and experienced professionals genuinely listen to your needs and offer solutions with the compassion of a true neighbor. As a not-for-profit organization, we’re free to make decisions to benefit members rather than seeking to please stockholders.
When you join a credit union like Bellco FCU, you become a partial owner and have an equal voice in how your credit union is run, no matter how much money you have on deposit. You’ll be able to participate in making decisions and creating policy.
Bellco FCU offers a variety of products and services that support your business objectives, such as no-minimum-balance business checking and savings accounts, low-interest rates on loans, and a variety of free account management services.
We also offer virtually all of the same technological amenities you would find at your local bank, such as internet banking, now offer virtually all of the same technological amenities as any bank, such as online and mobile banking, and debit cards.
Your deposits are insured by the federal National Credit Union Administration (NCUA), in a similar fashion as bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC). Both organizations provide insurance coverage on deposits up to $250,000 per customer.
Join Today!
Membership is open to individuals who live, work, worship, or attend school in Berks County, PA, and their immediate family members. If you are not already a member, consider opening a Bellco Business Savings Account. Deposit a minimum of $5 to establish and maintain your membership, and enjoy the benefits of Bellco FCU’s accounts and services.
Contact Bellco Federal Credit Union for secured lines of credit and other funds your small business needs. We can help boost your chances of success.