Many people refer to America as the land of opportunity; they take advantage of that opportunity to start a business, and many move here with a business in mind. Roughly 27 million people living in the United States run or own their own small business, bringing a strong demand for loans and financing. Starting out with a loan is the best way to get your business off the ground, and there’s no better financial institution than a credit union like Polam FCU to get approved.
If you’re already a member, you likely know that you’re not just a customer – you have part ownership in our financial institution. Here are a few of the reasons you should visit one of our branches and talk with one of our team members to jumpstart your new small business, and the benefits you’ll gain from working with us.
- A uniquely personalized experience to help you reach your goals. At Polam FCU, we believe in building a better banking experience, and part of that is giving you personalized service that is supportive to your needs. By serving our Polish-American community in the Bay Area, we take the extra step in understanding the financial goals of our members, and we work to help them achieve their goals as business owners, both large and small. Visit one of our branches and our lending specialists will get you started on the approval process and walk you through the various loans and services we offer for business owners.
- Lower rates and fewer fees. At Polam FCU, our members aren’t merely customers – they’re part-owners in our not-for-profit financial institution. As such, they’re not beholden to shareholders who are interested in profiting on their investments, and revenue is returned to members in forms such as lower fees and better interest rates. Our business loans, checking and savings accounts, credit cards, and certificates of deposit (CDs) offer lower rates and better options than those of big banks.
- Loan approval on a local and more personal level. Polam FCU is well known for our involvement and relationship with the community they serve – specifically the Polish-American community in the Bay Area – and because of this involvement, we understand the best interests of our members. As of 2014, small business growth was responsible for adding 1.4 million new jobs, according to the U.S. Small Business Administration. We know that offering financing options for small, local businesses will be a benefit for the community and the local economy, so we have an interest in approving these loans for qualified members.