MSU Federal Credit Union (MSUFCU) is introducing its Back to Business Loan to help small businesses affected by the COVID-19 pandemic.
This loan will help these businesses remain a vital part of the community.
“We recognize the importance of small businesses to thriving communities, as well as our role in supporting them,” said Deidre Davis, MSUFCU Chief Marketing Officer. “We are proud to introduce the Back to Business Loan, designed to help businesses in our community continue their operations, create opportunities for new talent and growth regionally, and energize the economic base.”
The Back to Business Loan offers loan amounts of up to $40,000, with an APR of 5%. Two options are available for members:
- Terms of up to 60 months, with no payments for 90 days.
- Twelve-month line of credit with interest-only payments (no 90-day payment deferral option). Then, terms of up to 48 months with standard principal and interest payments.
For more information or to apply for a Back to Business Loan, visit msufcu.org/backtobusiness.