Business Loans
All Reward... No Risk!
Business lending solutions that support the businesses, supporting our communities. Our business banking team works closely with you, ensuring that you’re getting the solution that makes sense for your needs. Our Business Loan Solutions will make your borrowing hassle-free! We offer competitive products, an easy loan process, personal attention and efficient and timely decisions.
At Charter Oak Federal Credit Union, we know that every business has unique goals—and the right financing can make all the difference. For more than 85 years, local businesses have trusted us to provide the financial strength and support they need to grow, adapt, and thrive.
Our business lending solutions are designed to help you manage cash flow, invest in property, purchase equipment, expand operations, or simply strengthen your financial foundation. Whether you're planning for the short term or building for the future, we offer dependable options backed by local expertise and competitive rates.
Straightforward, Member-Focused Support
We make the lending process simple and personalized. Getting started is easy, and you can connect with us in the way that works best for you. Our team is here to understand your business, offer clear advice, and help you secure financing that aligns with your goals. With Charter Oak, you gain a financial partner dedicated to supporting your business every step of the way.
Business Line of Credit
Charter Oak gives your business the flexible financial support it needs to stay agile and confident. Whether you're managing day-to-day expenses, covering seasonal cash-flow gaps, or preparing for unexpected opportunities, this revolving credit option provides access to funds when you need them—on your terms.
With a Business Line of Credit, you can borrow, repay, and borrow again as your needs change, giving you reliable financial breathing room without the commitment of a long-term loan. It’s a smart way to stabilize cash flow, support growth, and keep your business moving forward.
Why a Business Line of Credit:
- Interest-only monthly payments
- Flexible rates and terms
- Getting started is simple.
Commercial Real Estate Loans
Charter Oak gives your business the financial foundation it needs to grow with confidence. Whether you're purchasing a new property, expanding your current space, or refinancing an existing building, our financing solutions help you take the next step toward long-term stability and success.
This loan provides the support you need to secure the right property for your business—offering competitive terms, dependable guidance, and the strength of a credit union trusted for over 85 years. From offices and retail space to industrial buildings and investment properties, we help you make strategic real estate decisions that move your business forward.
Customized financing for real estate acquisition, refinancing, or expansion:
- Charter Oak is an approved SBA 504 lender
- Terms up to 15 years with a maximum 30 year amortization
- No pre-payment penalties
- Competitive rates and terms
- Local decision making
Fixed-Term Business Loans
Charter Oak provides the stability and reliability your business needs to plan for the future with confidence. Whether you're purchasing equipment, funding an expansion, renovating your space, or investing in long-term growth, this loan offers predictable payments and clear terms that help you stay in control.
With fixed rates and structured repayment, this financing option is ideal for businesses seeking certainty and a dependable path forward. Backed by a credit union trusted for over 85 years, our fixed-term loans give you the support and resources to move your business toward its goals.
Benefits:
- Predictable monthly payments
- Flexible rates and terms
Business Credit Cards
Choose from our popular business credit card options such as low rate, cash back or flexible rewards to find the one that works best for your business.
No matter which card you choose, your business will benefit from important features like:
- Free online expense reporting tools.
- No fee for additional employee cards.
- Mobile payment capability for added convenience.
- Zero Fraud Liability.** You won't be liable for fraudulent purchases when your card is lost or stolen.
- Cardmember Service available 24 hours a day/365 days per year.
Meet our lenders.
Do not include confidential information in emails.
** Elan Financial Services provides zero fraud liability for unauthorized transactions. Cardholder must notify Elan Financial Services promptly of
any unauthorized use. Certain conditions and limitations may apply. The creditor and issuer of these cards is Elan Financial Services, pursuant to separate licenses from Visa U.S.A. Inc., and Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Schedule your 30 minute consultation.
Our team works closely with businesses to put together lending solutions that make sense for their business needs. Booking your appointment is the first step so our team can ensure we're asking the right questions to learn about your business, and it's needs.