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Lines of Credit
The cash you need, as you need it
Flexible financing for your business’s short-term and seasonal cash needs
With a line of credit, you can draw as much as you need, up to your credit limit. Use the money to meet short-term needs for working capital, such as:
- Covering operating expenses
- Managing seasonal fluctuations and expenditures
- Taking advantage of prepaid discounts from suppliers
- Ensuring that you have enough money in your business checking account with overdraft protection
Multiple options to fit your specific needs
We offer competitive rates on business lines of credit:
- Secured business lines of credit, $2,500 and above
- Unsecured business lines of credit, up to $100,000
For collateral, you can use real estate or business assets such as accounts receivable, inventory, equipment, or cash.
If you’re looking for long-term financing, we also offer business and commercial loans.
1
Qualify for membership
Call us at 800-525-9094 to see if you qualify for membership.2
Submit your application
Once you collect your required documentation and complete your application, you can submit it in person or by email. Call us at 877-646-6670 if you need assistance.3
Get a decision
After you’re approved, you can set up automatic payments from checking or savings.In most cases, we can give you a decision on a line of credit in just a few weeks. In some cases, we may need to ask you for more details,
Our loan applications list all the information we need to get started. In some cases, we may ask for additional information after you submit your application.
You can access your business credit line through any of the following methods:
- Withdraw or transfer funds using online banking or the Global mobile app
- Call the Member Service Center at 888-258-7228
- Visit any Global branch
For most lines of credit, your minimum payment each month will be the interest due, or $25, whichever is higher.
For an unsecured line of credit of less than $50,000, your minimum monthly payment is $50 or 2% of your balance, whichever is higher.
With a secured line of credit, we use your business assets — such as cash, inventory, equipment, securities, or real estate — as collateral. This means that if you can’t make your loan payments, we will use those assets to pay back the money you owe.
An unsecured line of credit does not require collateral.
Secured lines of credit typically have lower interest rates that unsecured lines of credit.
No, you don’t have to be a member to apply, but you do need to qualify and complete an application to become a member if you want to accept the loan. But don’t worry—it’s quick and easy to join Global.
Always here when you need us.
Our business professionals are here to help. Get in touch with a member of our team for a complimentary, no-obligation consultation.
Rates are based off US Treasury Securities or Wall Street Prime Journal, plus points.
NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant’s income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers this credit union’s compliance with the law is: National Credit Union Association, Office of Consumer Protection, 1775 Duke St., Alexandria, VA 22314.