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Advia Credit Union Small Business Loans

If you are seeking a commercial loan at especially favorable rates, Advia Credit Union may have the lending solution for your small business? success.

Established in 2014 in the state of Michigan and currently based in Kalamazoo, MI, Advia Credit Union is the result of the merger of two strong credit unions: First Community Federal Credit Union and E & A Credit Union, both of these formed in the 1930s.

Miriam Elbaz Established in 2014 in the state of Michigan and currently based in Kalamazoo, MI, Advia Credit Union is the result of the merger of two strong credit unions: First Community Federal Credit Union and E & A Credit Union, both of these formed in the 1930s.
Miriam Elbaz
July 30, 2022

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Whether you are an entrepreneur in search of financing to get your new venture off the ground, or you own and run an established small or medium sized business and you are looking for a commercial loan to help your company forge ahead into the future, the financial institution you partner with can make a huge difference in your outcomes. Advia Credit Union, which offers a broad range of commercial loan products, may have the small business lending solution you need to achieve success.

Advia Credit Union, which is a state chartered credit union in the state of Michigan, is one of the nation’s youngest credit unions — established in 2014. Before that gives members of the small business community pause, it is vital to understand that Advia’s founding represented growth; Advia Credit Union is the result of the merger of two very strong credit unions, namely First Community Federal Credit Union and E & A Credit Union. Both of these credit unions were formed in the 1930s, and became even stronger when they partnered. 

Advia Credit Union is currently headquartered in Kalamazoo, Michigan, and serves members in Southern Michigan, as well as an increasing number of counties in the states of Wisconsin and Illinois. Today, Advia Credit Union manages over $2 billion in assets, and serves more than 190,000 members. Advia Credit Union, which is federally insured by the National Credit Union Association, operates a total of 29 physical branch locations in three states. As part of the CO-OP shared network and the Alliance One network, Advia Credit Union can offer members access to tens of thousands of surcharge free ATMs and shared branches throughout the United States. 

If you are a small business owner or an ambitious entrepreneur, and you are seeking a commercial loan at especially favorable rates, there are numerous advantages to partnering with a strong and growing credit union. Not only does Advia Credit Union understand the local communities it serves intimately, the credit union will also take the time you get to know you and your business — with which comes the ability to offer a tailored financing solution at competitive rates, with low fees, and with excellent customer service. 

Advia Credit Union places people, and specifically its members, at the very core of their mission as it follows its core values of driving progress and building and strengthening relationships. How might your business be able to benefit from joining Advia Credit Union? Discover what commercial loan products and other perks Advia Credit Union offers in this guide. 

“Advia Credit Union offers a range of commercial lending options to businesses of all sizes”

What Does Advia Credit Union Offer?

Advia Credit Union is a full service credit union, chartered in the state of Michigan. This means that the credit union provides a comprehensive range of personal banking products and personal loan solutions, as well as a wide variety of commercial financing options like small business loans, small business lines of credit, equipment leasing and financing of course and business banking services. The rates and fees that Advia Credit Union offers are competitive, and flexible terms are available to small business owners who seek to partner with Advia to propel their business to greater success. 

A Wide Variety of Commercial Loan Products

Advia Credit Union offers a range of commercial lending options to businesses of all sizes. Feel the difference that the credit union model of banking can make by taking advantage of the low closing costs and fees, competitive rates, and flexible payment terms that Advia Credit Union offers. The business lending options at Advia Credit Union include:

Competitive Rates

Business owners can take full advantage of the “people helping people” model that Advia Credit Union operates under, by accessing especially competitive rates on commercial loans. While the rates will vary from one commercial lending option to another, and will additionally be tailored to the unique set of circumstances of your venture, Advia Credit Union always strives to offer favorable rates that would not be available through a traditional banking institution. 

Flexible Loan Terms

Advia Credit Union offers flexible loan terms on all the loan options within the credit union’s business lending program. As you discuss your particular financing needs with the credit union’s dedicated financial lending team, you will be able to find the right financing solution for your business. 

A Full Suite of Business Banking Solutions

Joining Advia Credit Union gives businesses access to a comprehensive suite of business banking solutions, with excellent rates and low fees. As a member of Advia Credit Union, your business will be able to conduct all of its day to day banking transactions through the credit union, and the account options available to you include:

In addition, Advia Credit Union can make credit card acceptance services available to your business, and offers remote deposit options. Advia’s Positive Pay fraud protection services will help to keep your account secure.

Convenient Banking

Advia Credit Union operates a total of 29 convenient physical branch locations across its service areas in Michigan, Wisconsin, and Illinois, with a handy drive-thru option being part of the service this credit union provides. Advia Credit Union’s Business Digital Banking and Bill Pay services will likely, however, make the biggest difference as you conduct your everyday transactions. The digital banking services that Advia offers to its business members include 24 hour online cash management, bill pay that integrates with Quicken and Quickbooks, and even the possibility of applying for business loan products online.

Excellent Customer Service and Experience

Should you choose to partner with Advia Credit Union for your business financing needs and business banking solutions, you will enjoy more than favorable rates and terms — you can also count on friendly financial advice offered by a credit union with decades of experience (when you take the precursor credit unions into account). The experience that Advia Credit Union offers is married with a modern, fresh, and flexible approach. As you explore your small business loan options, you will be able to  meet with Advia’s commercial lending team in person, but it is also possible to apply for a business loan online or via the telephone. This gives Advia Credit Union members access to especially fast loan decisions.

“This credit union is a fast growing one, and Advia Credit Union continues to expand its service areas in Illinois and Wisconsin” 

Who Can Apply for a Business Loan From Advia Credit Union?

Business owners and entrepreneurs who would like to apply for any of the commercial financing options that Advia Credit Union makes available will need to become a member of the credit union first. As credit unions are nonprofit and member owned financial cooperatives, this will establish your small business as an owner and shareholder at the same time. 

Each credit union has a defined field of membership, and the eligibility requirements you need to meet in order to be able to join Advia Credit Union are straightforward and based on geography. Those who meet the following criteria may become members of Advia Credit Union:

Advia Credit Union does not extend membership to close relatives of existing members, unlike many other credit unions. However, this credit union is a fast growing one, and Advia Credit Union  continues to expand its service areas in Illinois and Wisconsin. Should you not currently qualify to join Advia Credit Union, you may be able to do so in the near future.

Those business owners and entrepreneurs who do meet the criteria to join will discover that becoming a member, and opening a business share savings account, with Advia Credit Union is easy. Have the following information and documents ready when you apply to become a member:

Note that while US citizens can apply to join Advia Credit Union via the credit union’s online portal, non citizens are instead asked to apply at the most convenient branch location. 

Once your membership application is completed and approved, you will be able to apply for any of the business loan products that Advia Credit Union makes available.

What Types of Business Loan Products Does Advia Credit Union Offer?

Advia Credit Union offers a broad range of business loan options at competitive rates, and with flexible terms. These lending options can broadly be divided into three separate categories — small business loans (which cover amounts of up to $50,000), corporate loans (which cover amounts of $50,000 or above), and agricultural loans to help farmers grow their businesses. The following is a brief overview of the lending solutions that you will be able to access if you partner with Advia Credit Union.

Small Business Loan Options from Advia Credit Union

Advia Credit Union offers two types of small business loans to smaller established businesses as well as newer startups

The small business loans that Advia Credit Union makes available can be compared to business term loans; these commercial loans have a closed end date, can have fixed or floating interest rates, and represent an excellent solution to those ventures that are looking to acquire working capital to fuel their path to success. The small business loan packages that Advia Credit Union offers have low closing costs and fees, and business owners can take advantage of the competitive rates as they set about reaching their short to medium term goals. 

Advia Credit Union additionally offers small business reserve lines of credit, which are tied to your business checking account. These loans likewise come with low fees and costs, and offer competitive rates as well as flexible repayment options. Small business lines of credit are primarily used in order to cover short term expenses, which can serve as a financial vehicle to manage temporary cash flow fluctuations. 

Both small business loans are available at amounts of up to $50,000.

Corporate Lending Options from Advia Credit Union

Larger established businesses can make use of the corporate lending program that Advia Credit Union offers, and which covers larger amounts upward of $50,000. 

Advia Credit Union offers commercial real estate financing for a wide variety of property types, including office space, retail space, manufacturing or industrial buildings, warehousing facilities, parking facilities, and residential buildings. Whether you are looking to purchase or renovate an owner occupied commercial property, an investment property to generate income for your business, or to refinance an existing commercial real estate mortgage to allow Advia Credit Union’s lower rates to work for you, the right solution is available to you.

Business term loans are offered to cover projects such as the purchase of equipment, machinery, technology, commercial vehicles, and other assets, with flexible terms and favorable rates. 

Should you be interested in a revolving line of credit to finance short and medium term projects, including inventory purchases, accounts receivable, seasonal fluctuations in revenue, to secure favorable purchasing terms, or even as a permanent source of working capital, Advia Credit Union offers this loan product as well, at amounts that exceed $50,000. 

Agricultural Loans from Advia Credit Union

The agricultural loans that Advia Credit Union makes available to farmers and agricultural businesses in the areas of Michigan, Wisconsin, and Illinois that the credit union serves fall under its corporate lending program. The agricultural loan options that this credit union offers are diverse enough to highlight them separately, however, particularly given the fact that not many credit unions offer agricultural loan solutions. 

The agricultural loan products that Advia Credit Union can make available include:

How Do You Qualify for a Business Loan From Advia Credit Union?

The process that Advia Credit Union will go through to determine whether your business may be approved for a commercial loan is identical to the steps a mainstream bank would use. Advia Credit Union will ask you to complete a loan application form and meet with a commercial lending specialist. You may apply for small business loans online. 

Advia Credit Union will ask for the following documentation:

The next step lies in assessing your business credit score, which would ideally be at least 80 on the D&B PAYDEX, and applicants’ personal FICO scores, which should be 670 or above. Advia Credit Union will assess your annual revenue and profits and your business’ debt to income ratio, and in the case of new startups, it is additionally important to provide a strong and detailed business plan. Assessing these factors will allow Advia Credit Union to establish whether your business can carry the loan for which you are applying. In the case of secured loans, collateral must also be pledged.


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