Business

To take advantage of Scott Credit Union’s services for businesses, all you need to do is open a share savings account with a $5 deposit. You’ll enjoy lower fees, better loan rates, and our exceptional service.

Business Checking

Premier Business Checking

  • No minimum balance
  • 100 free transactions per month
  • 15¢ per transaction after the first 100
  • Returned deposit items: $10.00
  • Deposit corrections: $10.00
  • Debit card

Premier Plus Business Checking

  • Interest on balances over $2,500
  • $10.00 monthly service charge waived with a $5,000 daily balance
  • 200 free transactions per month
  • 15¢ per transaction after the first 200
  • Return deposit item: $10.00
  • Deposit corrections: $10.00
  • Debit card

Scott Credit Union wants to see you and your business succeed. Contact Business Services today for more information. Call 618-345-1000 ext. 7 or email [email protected].

Business Loans

Hakuna Matata Ribbon Cutting
I was very pleased with my service from Scott Credit Union’s Commercial Lending Department. Everyone was very friendly and walked me through every step that needed to be done to process my business loan. We had a few hiccups along the way but we worked through them together. The process did take longer than we had originally expected, but they were very positive everything would work out, and it did!!! I live over an hour away from the main office and they were even willing to drive to my business location to check out all we had done and it felt so personal to show them what I had worked so hard to achieve – a state licensed day care center in a town that had nothing. I never even had to make a trip to a Credit Union office – we did the closing and everything at my business location. Chris and Natalie were amazing to work with and they are very experienced in SBA loans for businesses. They answered any questions I had right away. If you are thinking about a business or SBA loan, consider Scott Credit Union as an amazing place to go. -April Eichenseer

Business Loans

We offer business loans to help you meet all of your company’s growing needs.

  • Small Business Administration Loans (SBA)
    • 504
    • 7(a)
    • Express Lines of Credit
  • Commercial Real Estate Loans
  • Business Vehicle Loans
  • Capital Improvement Loans
  • Business Lines of Credit
  • Equipment Loans
  • Working Capital Lines

Features and Benefits:

  • Competitive Loan Rates
  • Low Fees
  • Local Decisions
  • Quick Response Times

Visa® Business Credit Card

Visa Business Credit Card

Scott Credit Union Visa Business Credit Cards now offer you a way to control expenses and meet the needs of your growing business.  Get a business rewards credit card that lets you earn points on everyday purchases with no point limits and no redemption fees.

Our Visa Business Credit Cards offer the following features:

  • No Annual Fee
  • Rewards Program – Redeem points for gift cards, cash, and travel
  • Earn 1 point for every $1.00 in credit card purchases
  • Low Interest Rates
  • No additional cost for employee cards while earning points with their purchases

Scott Credit Union wants to see you and your business succeed. Contact Business Services today for more information. Call 618-345-1000 ext. 7 or email [email protected].

SBA Loans

What are SBA loans?

The U.S. Small Business Administration is a federal agency committed to furthering the growth and development of small businesses. One of the ways it does this is by guaranteeing loans to small businesses made through lending partners. The SBA does not make loans directly to small businesses. Rather, it sets the guidelines for loans, which are made by its lending partners. The SBA guarantees a percentage of loans, minimizing the risk to its lending partners and increasing the possibility that small businesses will receive the funds they need.

Advantages of SBA loans:

  • Up to 90% financing
  • Terms up to 25 years
  • Fixed and variable rate options
  • No balloon payments
  • Most for-profit small businesses are eligible

There’s an SBA loan for almost any business need.

  • Commercial real estate purchases
  • Business acquisition or expansion
  • Equipment, inventory or working capital
  • Debt refinancing

Scott Credit Union wants to see you and your business succeed.  Contact Business Services today for more information.  Call 618-345-1000 ext. 7 or email [email protected].