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Business Loans

At Members’ Advantage Credit Union, we provide competitive loans to meet the needs of your business. Whether it is a new business or you are expanding your current business, our Business Lending Team provides excellent service to meet all of your needs. 

Our business loans offer: 

  • Competitive interest rates
  • Flexible lending options
  • Free 24 hour Online Banking access
  • Financial expertise
  • Local decision making

We offer a variety of loan products including:

  • Commercial Term loans
  • Lines of credit
  • Commercial Mortgage loans
  • Equipment loans
  • Construction loans
  • Commercial Business loans

Just as our business goals are important to you, your business goals are important to us! Trust our experienced Executive Vice President, Scott Vandehey, to help with your business lending needs. 


Newtek Business Solutions

Membership Eligibility 

At account opening, a minimum of $5 must be made in a regular share (savings) account. Neither the business nor any of its related parties may have previously had any services limited or denied by Members’ Advantage Credit Union. The business entity for which the account is being opened must be in good standing with the State in which is it organized. Businesses organized in the State of Wisconsin may check their status at

Business Account Products

  • Miscellaneous Share Savings Accounts
  • Term Share Certificate
  • Business Checking ($10 monthly fee, free debit card)
  • Money Market Account

Required Business Entity Documentation

  • Article of Partnership or Partnership Agreement (Limited Liability Partnership/General Partnership)
  • Articles of Incorporation (Corporation)
  • Article of Organization (LLC)
  • Proof of Employer Identification Number, such as an IRS EIN letter*

*Misplace your EIN? Go to and search “Misplace Your EIN” or call 1-800-829-4933.

Required Authorized Signer Information

An Authorized Signer is a natural person who has given authorization to conduct financial transactions with Members’ Advantage Credit Union on behalf of your business. For each Authorized Signer, Members’ Advantage will require the following information: 

  • Name 
  • Social Security Number
  • Address
  • Date of Birth
  • Personal Phone Number
  • Valid photo ID

Certification of Beneficial Owners

The federal government has issued regulations requiring financial institutions to collect information about the owners of business entities such as corporations, partnerships, and LLCs. Before opening an account, the business entity will need to certify all beneficial owners of your organization. Beneficial Owners are those natural person who have 25% or more ownership interest in the business AND one person who controls the business. 

For each Beneficial Owner or for the Controlling Person, the business will need to provide: 

  • Name
  • Address
  • Date of birth
  • Social Security Number
  • Personal Phone Number

Beneficial Owner Certification: 

The natural person opening the account will be required to sign a certification of Beneficial Owners of the business entity. Each time a new account is opened, Members’ Advantage will request Beneficial Owner Certification. Examples of Beneficial Owners Certification are: 

  • If there are four owners, each owning 25%, the information on all four owners is required to certify beneficial owners, and the information for one person in control is required.
  • If there are five owners, each owning 20%, no owners will need to be certified as beneficial owner, and the information for one person in control is required. 
  • If there are two owners, each owing 40%, and one owners owning 20%, the information for the two owners with 40% ownership are required to certify beneficial owners and the information for one person in control is required. 

Members’ Advantage Credit Union reserves the right to refuse membership to businesses classified as “High-risk” in accordance with the Bank Secrecy Act (BSA). Additional information may be requested if the business is deemed by Members’ Advantage Credit Union to be “High-risk.” This includes, but is not limited to the following business types: 

  • Financial, investment, or credit service providers (including money service businesses)
  • Internet gambling providers
  • Marijuana related businesses