Business Loans
Here to Lend a Hand
Partner with ProFed Credit Union for business financing solutions designed to support long-term growth in northeast Indiana and beyond. Whether you're purchasing, improving, or expanding facilities and operations, our experienced lending team works closely with you to understand your business goals and financial needs.
We offer a full range of financing options, including commercial real estate loans, commercial construction loans, equipment loans, auto and fleet vehicle loans, business lines of credit, and business credit cards. From startups and nonprofits to small businesses and established organizations, ProFed provides competitive rates, flexible terms, local decision-making, and no prepayment penalties — making business financing simple and affordable.
Apply NowAll Business Loans Feature:
- No Prepayment Penalty
- Local Underwriting and Servicing
- Competitive Interest Rates
- Readily Accessible Local Lenders and Underwriters
ProFed Offers:
- Conventional Loans - Repayment Terms Tailored To Your Needs
- Lines of Credit - Available When You Need It
- Small Business Loans (SBA Loan) Products - Fixed-rate Financing for Long-term Basis
- Large Project Loans - A Large Network of Credit Union Lenders
ProFed was integral when helping us grow... They help me get the tools I need to continue to grow the business and do the things we do.
Darin Johnson | Owner of Midstates Energy Solutions
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Learn MoreFrequently Asked Questions
ProFed offers a variety of financing solutions to help businesses achieve their goals, including:
- Commercial owner-occupied real estate loans
- Commercial investment real estate loans
- Commercial construction loans
- Equipment loans
- Auto and fleet vehicle loans
- Business lines of credit
- Business credit cards
- SBA loan options
These solutions can help businesses purchase, improve, expand, or operate more efficiently.
ProFed works with a wide range of organizations, including startups, entrepreneurs, small businesses, nonprofit organizations, and established companies. Whether you're launching a new venture or expanding an existing operation, ProFed offers financing options tailored to your business needs.
Business loans can be used for many purposes, including purchasing equipment, acquiring or improving commercial property, funding construction projects, expanding operations, buying vehicles, managing cash flow, or covering other business-related expenses.
Yes. ProFed offers business lines of credit that provide flexible access to funds when you need them. A line of credit can help manage cash flow, cover unexpected expenses, purchase inventory, or support seasonal business fluctuations.
Business loan benefits include:
- No prepayment penalties
- Competitive interest rates
- Local underwriting and servicing
- Access to local lenders and underwriters
- Personalized support throughout the lending process
These features help provide a streamlined and relationship-focused lending experience.
No. ProFed business loans do not include prepayment penalties. This means you can pay off your loan early without being charged an additional fee, potentially reducing the total interest paid over the life of the loan.
Local underwriting means lending decisions are made by professionals who understand the local business environment and economy because they live and work here. This can lead to more personalized service and a lending experience focused on understanding your business goals rather than relying solely on automated decision-making.
Yes. ProFed offers Small Business Administration (SBA) loan options that can provide financing solutions for qualifying businesses. SBA loans are often used for business expansion, equipment purchases, working capital, and other long-term financing needs.
An SBA loan is a small business loan partially guaranteed by the U.S. Small Business Administration (SBA). The government does not lend the money directly. Instead, private partners like ProFed issue the funds, and the SBA backs a large portion of the risk. This backing may allow ProFed to consider a loan with lower down payments and longer repayment terms.
Yes. ProFed offers commercial real estate financing to help businesses purchase, refinance, improve, or expand owner-occupied or investment commercial properties. Loan structures can be tailored to fit your business objectives and financial situation.
Yes. Equipment loans are available to help businesses acquire the tools, machinery, and technology needed to operate and grow. Financing equipment can help preserve working capital while providing access to essential business assets.
Absolutely. ProFed offers auto and fleet vehicle financing for businesses that rely on transportation to serve customers, deliver products, or support daily operations.
The documentation required depends on the loan type and business structure. To start an application with ProFed, you will need to complete an online loan application. ProFed lenders will work with you throughout the application process and may request information about your business operations, financial history, and future plans to help determine the best financing solution.
Timelines vary depending on the complexity of the loan request and the documentation required. ProFed's lending team works closely with business owners to guide them through the process as efficiently as possible.
Yes. ProFed works with startups and entrepreneurs in addition to established businesses. Financing options may vary based on the business's and owner’s financial profile, experience, and funding needs.
ProFed combines competitive financing options with local decision-making, personalized service, and flexible lending solutions. Whether you're purchasing equipment, expanding operations, managing cash flow, or financing a major project, ProFed is committed to helping your business succeed.
You can apply online for a ProFed business loan here.