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Business Loans and Banking Services
We support you. You support the community. It's a win-win.
Let's Grow Your Business Together
When you're on the lookout for a friendly adviser to help with your business financing needs, look no further than First Alliance. We understand that every business is unique, and that's why we take the time to get to know you and your specific goals. Our mission is to help your business not just survive, but thrive now and in the future.
Business Loans
We offer personalized financing options tailored to your business needs, whether you're looking for short-term solutions to manage cash flow or long-term plans to fund growth and expansion.
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Business Credit Card
Organize and track your business spending with a dedicated credit card for your business. A First Alliance Credit Union Business MasterCard® Credit Card offers flexibility, convenience, recognition, and security for our business members.
Our MasterCard® Business Credit Card offers:
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Low-interest rates
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25-day grace period on purchases
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No annual fee
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No cash advance fee
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Acceptance at millions of locations worldwide
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Complete Terms and Conditions
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Term Business Loans
Term loans are used to finance the acquisition or modernization of your business’s productive assets; they are commonly used for:
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Purchase of machinery, equipment, furniture, fixtures, and/or make leasehold improvements
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A supplement to working capital
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Expansion or modernization of facilities
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Vehicles or other business transportation
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Commercial Line of Credit
A line of credit will allow you to borrow as much as you need, when you need it. You may borrow a set amount and pay it down repeatedly, balancing your cash flow needs with a ready source of short-term funds. A line of credit is simple and easy to use and is a great tool for:
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Covering short term cash needs
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Taking advantage of supplier discounts
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Covering seasonal working capital necessities
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Commercial Real Estate Loans
We offer very competitive financing for commercial real estate, including new construction, purchases and refinances. These loans use the property as the required collateral and are often used for:
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Commercial properties, both owner and non-owner-occupied
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Rental housing/apartment complexes
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Combination business/rental properties
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Danielle Sommerfeldt
Community Lending Manager
Alyssa Bast
Commercial Lending Advisor
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Business Accounts
A First Alliance Credit Union business checking account provides you with a simple and cost effective way to manage your cash flow and process your daily profits and expenses. We offer three types of business checking accounts to fit your individual business needs. If you're not sure which account will be the best fit, that's okay, we're happy to assist you.
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Basic Business Checking
Not every business turns high volumes of monthly transactions, we get that! That’s why this account is designed specifically for low transaction businesses. Now you can stay focused on your customers, not your checking account.
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Low $100 Minimum Balance Requirement
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Small $5 Monthly Fee (only if balance falls below minimum)
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Start earning dividends with only $1,000 balance
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100 free monthly transaction, with only a $10 flat fee for additional transactions
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Premium Business Checking
High volume businesses need a checking account that can keep up. This account is optimized to bring success to well established or high transaction businesses. This straightforward business checking account makes it easy to focus on what’s important, your customers.
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Only a $2,500 Minimum Balance Requirement
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Small $10 monthly Fee (only if balance falls below minimum)
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Start earning dividends with only $5,000 balance, plus tiered dividends at $10,000
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300 free monthly transaction, with only a $25 flat fee for additional transactions
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Non-Profit Business Checking
This account is customized to fit the needs of non-profit organizations. With no minimum balance requirements or extra fees your organization can worry less about your finances and more about making a difference in the community.
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No Minimum Balance Requirements or Fees
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Start earning dividends with only $1,000 balance, plus tiered dividends at $5,000 and $10,000
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No monthly transaction restrictions
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Business Savings Account
Every business needs a savings account! We make it easy to build your business with low minimum balances and no monthly fees on your accounts. This account is the basis of your business membership with First Alliance Credit Union.
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$5 Minimum Balance
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No Monthly Fee
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Start earning dividends right away
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Unlimited deposits
Ready to open your business membership with us? Here's the documents you'll need to bring with you!
If you really want to put your money to work, we also offer business money market accounts and business certificates of deposit!
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Working with Danielle and her team is a pleasure. She is very knowledgeable and keeps the loan process moving along smoothly and timely. I will definitely recommend her and First Alliance to all small business owners I work with.
Member Since 2018
Business Owner in Rochester MN
This credit union has always been there for me. They went above and beyond to make it happen and will always be my go to for business deals and personal.
Coma Subz LLC
Member Since 2024
Questions? Talk with our Business Team today!
