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
  • Returned deposit items: $10.00
  • Deposit corrections: $10.00
  • Debit card

Scott Credit Union wants to see you and your business succeed. Contact Commercial Banking today for more information. Call (618) 381-7315 or email [email protected].

Commercial Loans

Commercial 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, Hakuna Matata Kid Care Inc.

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

  • 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:

  • Non-variable interest rates from 10.99% APR to 15.99% APR1
  • No Annual Fee
  • Low Balance Transfer Fee
  • Rewards Program – Redeem points for gift cards, cash, and travel2
  • Earn 1 point for every $1.00 in credit card purchases
  • No additional cost for employee cards while earning points with their purchases

Scott Credit Union wants to see you and your business succeed. Contact Commercial Banking today for more information. (618) 381-7315 or email [email protected].

1APR=Annual Percentage Rate. Rates based on certain credit-worthiness criteria.

2Please review account agreement for benefit details and conditions.

SBA Loans

When you have big dreams for your small business, we’re here for you!

Low rate SBA loans can help you down the path to success

At Scott Credit Union, we’re all about helping your business grow to its full potential. Ask us today about SBA 504 Loans! We can provide financing with a competitive rate to small business for commercial real estate, equipment, and more.

Get an SBA 504 Loan with rates as low as 3.72% APR1.

  • Fixed rate for 10 years
  • 20-year amortization
  • Good for purchase or refinance
  • Down payments as low as 10%

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.

Types of SBA loans we offer:

  • 504
  • 7(a)
  • Express Lines of Credit

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 Commercial Banking today for more information. Call (618) 381-7315 or email [email protected].

1Advertised as low as rate effective as of September 24, 2019 and is subject to change and only applies to the portion of the SBA 504 loan with the credit union. Your actual interest rate may differ based on your credit worthiness, qualifications, and business relationship with SCU. All loans and lines of credit subject to credit approval and require automatic payment from an SCU business checking account. Please contact a commercial lender for more information on SBA 504 loans.

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