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Business and Commercial Loans and Lines of Credit
Looking to purchase investment property, make property improvements or purchase equipment? SOAFCU might have the right credit option for you.


Secured and unsecured lines of credit

SOAFCU offers credit lines for established businesses up to $100K. Rates are competitive and are subject to the borrower’s qualifications. Lines of credit can be either fixed or variable rate depending on the type of line.

Installment Loans

SOAFCU offers competitively priced term loans for equipment, energy systems, real estate improvements and purchases and construction projects. Rates are subject to the borrower’s qualifications. Loans can be either fixed or variable rate depending on the type of loan.

SOAFCU is an approved SBA lender. Please visit their web site for more information: http://www.sba.gov/index.html

SBA requires borrowers to have a D & B D-U-N-S number. The Data Universal Numbering System, abbreviated as DUNS or D-U-N-S is a system developed and regulated by Dun & Bradstreet (D&B) which assigns a unique, nine-digit numeric identifier to a single business entity. Click Here for more information

SOAFCU will require a copy of your state business license. If you need to find a copy of your business license, you can start at the State of AK website.

Need help with a business plan?

Visit these sites:

http://www.fasttrac.org/

http://www.sba.gov/smallbusinessplanner/index.html

http://www.tvc.uaf.edu/sbdc.html

Need to leverage funders to finance your business plan?

Find some help through these websites:

http://www.commerce.state.ak.us/investments/sbed.cfml

http://www.rurdev.usda.gov/rbs/busp/bprogs.htm

Ready to Apply?

To apply, please fill out the following forms and fax to (907) 459-5986 or email
SOAFCU Business Loan Application
SOAFCU Business Loan Questionnaire
SBA Personal Financial Statement
Supplemental Schedule of Real Estate Owned

Please call (907) 459-5970 or stop in our Gillam branch to inquire.