GLCU offers financing options to help you manage your micro business needs. 

  • Business must be established for a minimum of one year
  • Business and borrower/guarantor must be located in Illinois or Wisconsin

Unsecured Loans

We understand running a business has many costs. At GLCU, we offer financing options to help you manage unexpected expenses or grow your business! 

For more information speak with a loan representative or apply today!

Microlending Requirements

Sole Proprietor or DBAGeneral or Informational Partnership Limited or Limited Liability PartnershipLimited Liability CompanyCorporation
If SSN - Apply for Consumer Personal LoanIRS Letter Confirming EINIRS Letter Confirming EINIRS Letter Confirming EINIRS Letter Confirming EIN
If EIN - IRS Letter Confirming EINPartnership AgreementCertificate of Limited Partnership Articles of OrganizationArticles of Incorporation
Business License if ApplicableCertificate of Good StandingCertificate of Good StandingOperating AgreementBylaws
Certificate of Good StandingCertificate of Good StandingCertificate of Good Standing

View Current Rates

Micro Business Unsecured Loan Rates

Effective Date: Wednesday, October 20, 2021

Micro Business Unsecured Loan Rates

Loan TypeLoan AmountFeeTerm in MonthsAPR* As Low As
Micro Business Unsecured Loan$500 - $50,000$0.00Up to 48 months8.99%
$500 - $50,000$0.0049-609.99%

*APR= Annual Percentage Rate.  Rate is based on credit history, income and other factors. Payment Example: A typical 48 month loan of $5,000 at 8.99% APR has a monthly payment of $124.43.

Auto Loans

GLCU is now offering micro business auto loans for both used and new vehicles!  Talk to one of our loan consultants today and get pre-approved for a loan ahead of time.  A pre-approval will give you confidence and bargaining power at the dealer, plus you will know where you stand with budget and payments before you make your final decision.

A loan consultant can also help you refinance your existing micro business auto loan. For more information speak with a loan representative or apply today at glcu.org/Apply!

Features

  • Low loan rates
  • Vehicle is titled in the business name
  • Get up to 0.50% APR* discount on your vehicle loan! Learn more.
  • Maximum loan amount $50,000

View Current Rates

Micro Business Vehicle Loan Rates

Effective Date: Wednesday, October 20, 2021

Micro Business Vehicle Loan Rates

Vehicle TypeTerm in MonthsAPR* as low as
New (2020 & Newer)48 or Less1.74%
601.74%
722.24%
843.24%
Used (2019 & Older)48 or Less2.24%
602.24%
722.74%
843.74%

*APR= Annual Percentage Rate. Actual rate based on credit history, income, vehicle model year, mileage, and other factors. Rates include discounts for maintaining a Business Checking Account and automatic payment in accordance with this promotion. Payment example: A 60-month new auto loan of $20,000 with an APR of 1.740% will result in a monthly payment of $348.31.


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