Business Loans BUSINESS | BUSINESS LOANS BUSINESS LOANSWE’RE OHIO’S BUSINESS LOAN EXPERTS. Your business goals are unique. So why get financing from banks with “one size fits all” products? Ohio Catholic FCU works with businesses of all sizes to build loan and line of credit solutions to meet their goals. Need to purchase business vehicles or equipment? Ready to expand to a new (or larger) location? Put our deep business lending experience to work for your business today. Complete the form to contact our Commercial Lending Team and get a quote! BUSINESS VEHICLES & EQUIPMENTBUSINESS VEHICLE LOANS Whether you’re looking for a dump truck, cement truck, bus, or other work vehicle, moving your business towards profitability requires dependable transportation. With terms of up to 120 months and competitive rates, we can help you finance the vehicle you need to help your business thrive! Available for new or used cars, vans, and light trucks of up to 1 ½ tons New vehicles: terms up to 72 months; financing up to 100.00% of the purchase price Used vehicles: terms up to 60 months; financing up to 100.00% of the purchase price or NADA retail value, whichever is less COMMERCIAL VEHICLE LOANS Every business needs a dependable set of wheels for deliveries, sales calls, or simply day-to-day transportation. Our business vehicle loan can help you finance cars, vans, or light trucks for your. business, with competitive rates and terms of up to 72 months! Available for new or used transportation vehicles (semi-trucks) or vocational trucks (dump trucks, cement trucks, buses, and other work vehicles) commonly used in industries like construction, delivery, waste management, and transportation Terms up to 120 months; financing up to 100.00% of the purchase price or value, whichever is less EQUIPMENT LOANS Whether it’s a forklift, tractor, or a commercial oven, if your business is in need of any long-term equipment, our equipment loan is exactly what you need! With our competitive fixed rates, you’ll be able to purchase the equipment your business needs at a lower lifetime cost. Additionally, with financing of up to 100% of the purchase price or value, you won’t have to try to cover the entire cost with today’s cash flow. Loan amounts from $15,000.00 to $1,000,000.00 Loan-to-value ratios up to 100.00% Loan is secured by the equipment you purchase or refinance BUSINESS LINES OF CREDITBUSINESS CREDIT CARD Our business credit card keeps things simple. You simply get low rates and no annual fees, balance transfer fees, or cash advance fees. So you can keep more cash to grow your business. You can even transfer your balance from another credit card with no additional fees. Amounts from $5,000.00 to $25,000.00 available Competitive, variable rates tied to Wall Street Journal Prime Rates 1.00% cash back on purchases No annual fee, balance transfer fee, or cash advance fee Access account information via online, mobile & telephone banking Ability to link your Ohio Catholic Business Credit Card to your Ohio Catholic Business Checking account for overdraft protection BUSINESS LINE OF CREDIT Our business line of credit gives you quick access to the cash you need, when you need it. Apply once and borrow as many times as you like, while only paying interest on the funds you’re actively borrowing. No matter how well you plan ahead, you can’t predict everything. Whether you’re financing unpredicted expenses or daily operating costs, our Business Line of Credit provides you with flexibility and easy access to funds. Amounts from $50,000.00 to $1,000,000.00 available Pay interest only on the funds you’re actively borrowing 24/7 access via online, mobile and telephone banking Accessible at any Ohio Catholic branch locations COMMERCIAL CONSTRUCTION AND REAL ESTATECOMMERCIAL CONSTRUCTION LINE OF CREDIT Time for some much needed add-ons to the office for your growing business? Or maybe it’s time to move your business to a more prime location. Whatever the case may be, if you’re in the midst of beginning a construction project and don’t want to dip into the company’s savings, our construction line of credit is perfect for you! In addition to our competitive rates, you’ll only pay interest on the funds you’re using during the construction period. Amounts from $50,000.00 to $2,500,000.00 available Pay interest only on the funds during construction period Line converts to term at the end of construction period COMMERCIAL REAL ESTATE LOANS With our commercial real estate loan, you can expand to a larger office, make the leap from leasing to owning, move your business to a new location, and more! Whatever your plan may be, we can help finance the move with a loan of up to 75% of the cost, meaning you won’t have to rely on your current cash flow to cover the entire purchase! Our competitive rates can help you secure the perfect location for your business and even take care of any development or renovation needs! Loan amounts from $50,000.00 to $10,000,000.00 Maximum 75.00% loan to value or purchase price (whichever is less) Term is 60 months amortized up to 300 months with options to renew Borrower must occupy 51.00% or more of the useable space. All requests where owner is occupying less than 50.00% will be viewed as investment property Property must be located in the State of Ohio INVESTOR MORTGAGE LOAN Our investor mortgage loans are perfect for purchasing investment properties such as offices, retail centers, apartment buildings, warehouses, and more. Purchasing a property that you’ll use primarily to lease out to others can be a great investment with many benefits. Use the collected rent from your investment property to help pay your mortgage, generate income, and set yourself up for tax benefits. Loan amounts from $100,000.00 to $10,000,000.00 Maximum 75.00% loan to value or purchase price (whichever is less) Term is 60 months amortized up to 300 months with options to renew Property must be located in the State of Ohio EVERYDAY BUSINESS BANKINGBusiness Savings and Checking We’re fully equipped to serve your everyday banking needs. LEARN MORE Members Serving Members Get connected to our 12,000+ members. LEARN MORE Visit A Branch Stop by your local branch and we’ll be happy to help you. VISIT US Talk With Us Call (888) 696-4462 or chat live online during business hours. CALL US Open An Account It’s simple to open and fund your account online. JOIN US Make the Most of Your Money With Ohio Catholic Discover how you can unlock your money’s potential and achieve your financial goals with the help of the Ohio Catholic Federal Credit Union! SEE ALL THE POSTS New Canton Location Opens Monday, May 15, 2023We are excited to announce the opening of our new North Canton branch located at 210 Applegrove St. […]$1000 Scholarship Winner St. MaryCongratulations to Owen Miley from St. Mary School for winning a $1,000 Scholarship through our Student Banking Program! […]$1000 Scholarship Winner St. AnselmCongratulations to Nathan Pistner from St. Anselm School for winning a $1,000 Scholarship through our Student Banking Program! […]$1000 Scholarship Winner St. BarnabasCongratulations to Cameron Hubay from St. Barnabas School for winning a $1,000 Scholarship through our Student Banking Program! […] SEE ALL THE POSTS Every experience I’ve had dealing with OCFCU has been excellent. Everyone is always very helpful and courteous. Allison S.,OCFCU Member Consistently competitive rates and outstanding customer service. Michael S.,OCFCU Member Banking is easy and pleasant. The tellers are very accommodating and well-educated. Bernadette L.,OCFCU Member Download Our Mobile Banking App Manage your finances from anywhere.