Business Loan Types We Offer
Whether your goal is to maintain your current operations or grow your business, Madison One CUSO offers various government-backed loans to fund your project.
We Fuel Small and Rural Businesses With Business Funding Loans
Small and rural businesses play a significant role in driving economic growth—but they often can’t find the funding to grow their own operations. That’s where Madison One CUSO comes in.
When prospective borrowers feel like they’ve run out of options, we help them find government-guaranteed alternatives to conventional loans. Our business loan types are often the best option for businesses that need a middle ground between unattainable conventional loans and risky, short-term loans with sky-high interest rates. Due to our extensive knowledge of government loans and two trusted lending partners, we can offer competitive rates, amortizing loans without balloon payments, and high loan amounts for various purposes.
The Different Types of Business Loans We Provide
As a Credit Union Service Organization (CUSO) with years of experience working with government agencies, Madison One CUSO can provide funding through any SBA or USDA loan program. Whether you need funds to install a solar energy system or acquire a business, our team can secure the most flexible terms that maximize your cash flow.
Link to: SBA Loans
SBA Loans
From equipment purchases to debt refinancing, your small business can use Small Business Administration (SBA) loan funds for nearly any purpose. Our team can provide several types of loans for small businesses up to $15 million and loan periods up to 25 years, so you have ample time to pay off your balance while growing your company.
Link to: USDA Loans
USDA Loans
The USDA offers several generous loan programs to stimulate rural development, sustainability, and the food supply chain. Depending on your needs and company type, we may be able to provide up to $250 million in financing for equipment loans, business improvements, renewable energy systems, construction, and more.
Link to: Equipment Financing Loan
Equipment Financing Loans
Whether your old equipment breaks down or you need to invest in new machinery to streamline operations, you may need assistance to make the purchase. Whereas conventional loans come with short terms that limit cash flow, our SBA and USDA loan options allow you to make predictable payments over a long period.
Link to: Commercial Construction Loan
Commercial Construction Loans
A renovation or new construction project could transform your business, but it also requires a serious investment. If you don’t have a large down payment available, our government-guaranteed loans can give you the funding you need with minimal equity injection requirements, leaving you with better cash flow.
Link to: Commercial Mortgage Loan
Commercial Mortgage Loans
Traditional mortgage lenders may seem like the best option for your commercial purchase, but they often impose restrictive covenants and large balloon payments on small and rural borrowers. With a loan from Madison One CUSO, you can steadily pay off your amortizing loan without worrying about restrictions or lump sum payments.
Link to: Working Capital Loan
Working Capital Loans
When your business needs temporary help to afford day-to-day bills, a working capital loan can help you stay afloat. However, traditional financing options often require total collateral and short loan periods. Our loans offer flexible collateral options and longer repayment periods, so you aren’t financially strained for years to come.
Link to: Business Acquisition Loan
Business Acquisition Loans
Acquiring a business could unlock endless opportunities for you or your company—if you have the funds to make the purchase. Businesses that can’t meet conventional lenders’ requirements may be able to secure a Madison One CUSO loan for up to 90% of the purchase amount with minimal or nonexistent collateral requirements.
Are You a Good Candidate For Our Business Loan Types?
If your small or rural business has tried—and failed—to get funding from traditional sources, you may have several alternative business loan types to choose from. Schedule a consultation with our team today to learn if Madison One CUSO can help.
Our Lending Process
Madison One CUSO acts as your guide every step of the way, so you can stay focused on your business while we do the heavy lifting.
1. Perform Initial Consultation
In 15 minutes or less, we can determine eligibility and begin structuring your loan.
2. Begin Application Process
After determining your business loan type, we collect documentation to begin your application.
3. Issue Term Sheet
We outline your loan details in a term sheet and collect a deposit if you agree to move forward.
4. Collect Documentation
Our team helps you organize the documents you need for a successful loan application.
5. Underwrite Loan and Send to Credit Union Members
Once the details are finalized, we underwrite your loan and send it to our partners for approval.
6. Submit to Government Agency
7. Close the Loan
If the government agency agrees to guarantee your loan, we move forward with closing.
8. Provide Ongoing Support
We’re still your partner after your loan closes. Our team is always available to offer assistance.
Providing Flexible Business Loan Types Without Restrictions
At Madison One CUSO, we strive to give options to borrowers who feel like they have none. Whether you run a rural nonprofit in Alaska or a small marina in North Carolina, our team can help you obtain an SBA or USDA loan if you’re eligible. We identify the best loan options for your industry and work with your state office to increase your chances of a successful closing.
Contact our team today to see how our business loan types can help you fund your organization’s future.
Contact Our Loan Experts
