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Quiz
Which Business Loan is Right for You?
- What do you want to do with your loan?
- I want funds to start a business.
- Do you have a little extra time to work on your application?
- Yes
- Do you have a strong credit history?
- Yes
- You may want to consider an SBA or USDA Guaranteed Loan. These offer some of the lowest rates on the market.
- No
- Do you have collateral available (such as cash in savings) for your loan?
- Yes
- You might be interested in a Secured Line of Credit.
- No
- An Unsecured Line of Credit is probably your best bet.
- Yes
- Do you have collateral available (such as cash in savings) for your loan?
- Yes
- Do you have a strong credit history?
- No
- Do you have collateral available (such as cash in savings) for your loan?
- Yes
- You might be interested in a Secured Line of Credit.
- No
- An Unsecured Business Line of Credit is probably your best bet.
- Yes
- Do you have collateral available (such as cash in savings) for your loan?
- Yes
- Do you have a little extra time to work on your application?
- I want a home office or other facility site (restaurant, shop, factory etc.) for my business.
- Would you like to build or purchase an existing property?
- Purchase an existing property
- It sounds like a Commercial Real Estate Loan might be right for you. You can learn more about our rates and start your application.
- Build something new
- It sounds like a Construction Loan might be right for you.
- Purchase an existing property
- Would you like to build or purchase an existing property?
- I need new equipment to improve or start my business
- It sounds like a Business Equipment Loan may be right for you.
- I need a vehicle (company car, delivery truck etc.) for my business
- It sounds like a Commercial Vehicle Loan may be right for you.
- I want funds to start a business.
What Is It?
Business Visa® from Yolo Federal
Petty cash is a thing of the past. Our Business VISA® works worldwide and lets you easily make and keep track of what you buy. Plus, you get emergency replacements, online management tools, and a super competitive interest rate.
Why Yolo Federal
Go local with Yolo Federal
- Line of credit available up to $100,000
- Reasonable interest rates
- Personalized member service
- A variety of business loans available
Rates & Fees
| Type | Annual Percentage Rate (APR) |
|---|---|
| Purchases | 12.24% |
| Balance Transfers | 12.24%* |
| Cash Advances | 12.24%* |
| Penalty APR and when it applies | None |
*This APR may vary with the market based on the Prime Rate.
Effective Date: August 1, 2019. The APR is accurate as of the effective date.
Paying Interest: We will not charge you interest on purchases if you pay your entire balance owed each month within 25 days of your statement closing date. We will begin charging interest on cash advances and balance transfers on the transaction date.
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)."
For Credit Card tips from the Federal Reserve Board: To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard
Some restrictions may apply. Rates shown above may not apply to every borrower and is based on creditworthiness.
| Fee Type | Fee |
|---|---|
| Annual Fee | None |
| Balance Transfers | None |
| Cash Advance | None |
| Foreign Transaction |
3.00% of each foreign currency transactions in U.S dollars 3.00% of each U.S. Dollar transaction that occurs in a foreign country |
| Late Payment | Up to $15.00 after 4 days |
| Over the Credit Limit | $10.00 |
| Returned Payment | $30.00 |
*This APR may vary with the market based on the Prime Rate.
Effective Date: August 1, 2019. The APR is accurate as of the effective date.
Paying Interest: We will not charge you interest on purchases if you pay your entire balance owed each month within 25 days of your statement closing date. We will begin charging interest on cash advances and balance transfers on the transaction date.
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)."
For Credit Card tips from the Federal Reserve Board: To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard
Some restrictions may apply. Rates shown above may not apply to every borrower and is based on creditworthiness.
FAQs
-
What do I need to apply for a Business VISA?
The required documents vary based on what type of business you have (non-profit, sole proprietorship, etc.). View the full checklist.
-
How do I submit my application?
Once you have completed the Business Loan Package, there are three ways to submit it.
1. By mail:
Yolo FCU
Attention: Business Services Department
501 G Street
Davis, CA 956162. By fax: 530-758-1443
3. By email: BusinessSolutions@yolofcu.org