Build Credit - Business LOC

How do you keep your business on track when demand is choppy and prices are on the rise?

If you’re running a small business, you’ll know how hard it is to build a steady revenue stream. Fibre Federal Credit Union and TLC’s business line of credit gives you the on-tap working capital you need to get ahead of demand swings and build for the future. Borrow what you need as you need it and repay as you are able. A business line of credit offers convenient, flexible financing for everyday expenses and unforeseen expenses.

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About Our Business Lines of Credit

Challenges come thick and faster when you’re a business owner. A business line of credit makes the unexpected manageable by giving you the working capital you need when you need it. And, you only pay interest on the money you use.

Request a Line of Credit for a business

Why Choose Fibre Federal and TLC?

Fibre Federal Credit Union and TLC are here to support local businesses. We believe in the power of the local economy and we’re committed to helping our communities thrive. That means offering affordable credit tailored to the needs of your business.

Request a Line of Credit for a business

Business Line of Credit Resources

Apply in 1-2-3

1 Apply Check if your business meets our membership criteria. Apply online or contact us to get started.
2 We'll touch base Once we’ve reviewed your application, we’ll contact you about the credit decision and your next steps.
3 Fuel your business Your line of credit offers the cash you need to handle day-to-day costs and unforeseen expenses.

Articles

The Top 10 Reasons Businesses Fail & How To Avoid It As an entrepreneur or small business owner, you’re already aware that many startups don’t make it through their first few years of operation, and yet you’ve decided to go ahead anyway. That’s the kind of self-belief and determination that entrepreneurs need to succeed. However, to survive you also need knowledge, sound advice, and a dependable banking partner. Read More

How Business Equipment Loans Can Help Your Company Grow Growing a business is always a tough balancing act between driving revenue and paying the bills. The right business equipment loan can help you get off the ground or reach the next level by making it easier to acquire the critical machinery or technology your company needs. Read More

The Small Business Visa Credit Card You Need to Succeed Bootstrapping your small business towards long-term financial viability is among the toughest challenges you’ll face as an entrepreneur. You are likely well aware of just how difficult it is to balance expenses with low or unpredictable cash flows while juggling complex cost-tracking and money management issues. Read More

Loan Options For Self-Employed Borrowers Being self-employed offers a flexible and rewarding lifestyle. You can set your own schedule, manage your workload, and enjoy greater control over your career. However, it can be somewhat challenging to secure a business loan. Read More

Real Words, Real People from the PNW

We have both personal and business accounts with Fibre, and have only good things to say! The staff is extremely helpful and friendly, especially in the business aspect of things. We couldn't ask for a better credit union!

Bryce B.

Business Lines of Credit FAQs

What is a business line of credit? How is it different from a small business loan?

A business line of credit is a flexible financing option that allows you to borrow up to your credit limit and to pay interest only on the funds you use. Unlike a traditional term loan, where you receive a lump sum upfront, a line of credit lets you draw funds as needed, helping to manage cash flow fluctuations.

How do interest rates on a business line of credit compare to credit card rates?

Interest rates on a business line of credit are often lower than those on personal or business credit cards, so it may be a more affordable option for managing business expenses.

How does making payments on my business line of credit replenish my credit?

As a form of revolving credit, a business line of credit lends you money as you need it up to a set limit. By paying down the amount you have borrowed, you not only reduce your overall debt, but you open up a bigger pool of money for you to borrow from later as necessary.

Why should I choose a local credit union like Fibre Federal and TLC for my business financing needs?

Working with a local credit union like Fibre Federal and TLC means you’re partnering with an institution that understands your community and where your business fits within it. Fibre Federal is committed to supporting local businesses with affordable credit and personalized service.

Business Lines of Credit