Find the right loan for your business needs.
Use an SBA 7(a) business loan to get the funds you need for equipment, inventory, buying commercial real estate, refinancing debt, and more.
Benefits You’ll Love
- Flexible Financing
- Favorable Loan Terms
- Government Support
- Broad Eligibility
SBA 7(a) Loan Program: Empowering Small Business Growth
- Flexible Funding Solution: A powerful financial tool designed to help entrepreneurs and small business owners achieve their business goals
- Versatile Use of Funds: Can be used for:
- Purchasing equipment
Key Program Highlights
- Maximum Loan Amount: Up to $5 million
- Government Backing: Partially guaranteed by the U.S. Small Business Administration, reducing lender risk
- Competitive Financing Terms:
- Lower down payment requirements
Loan Specifics
- Loan Types: Standard 7(a) loan
- Repayment Terms: Up to 10 years for working capital
- Interest Rates: Variable rates tied to the prime rate
Eligibility Requirements
- Must be a for-profit business
- Operating in the United States
- Meet SBA size standards
- Demonstrate creditworthiness
- Provide adequate collateral (when applicable)
Why Choose SBA 7(a) Loan
- Helps businesses bridge financial gaps
- Supports seasonal income fluctuations
- Enables sustainable business growth
- More accessible than traditional business loans
Application Process
- Find an SBA-approved lender
- Prepare necessary documentation
- Personal guarantee required
- Potential down payment of 10-20%
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term Share Certificate can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total dividends earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Kasasa Cash*
| Balance | Dividend Rate | APY |
|---|---|---|
| 0 - $20,000 | 5.60% | 5.75% |
| $20,000+ | 0.25% | 5.75% to 1.17% |
| All balances if qualifications not met | 0.05% | 0.05% |
Qualifications
Earning the full rewards is so easy, you're probably already doing it! Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle:
- At least 12 debit card purchases, each greater than $4.99
- At least one direct deposit or ACH credit transaction
- Be enrolled in and agree to receive E-Statements
If you don't meet the qualifications one month, don't worry. There is no penalty, and you still have a free checking account that earns our base interest rate. Plus, you can get back to earning really high interest and nationwide ATM withdrawal fee refunds the very next month.
Kasasa Saver*
| Balance | Dividend Rate | APY |
|---|---|---|
| 0 - $100,000 | 2.96% | 3.00% |
| $100,000+ | 0.25% | 3.00% to 1.63% |
| All balances if qualifications not met | 0.05% | 0.05% |
Qualifications
Qualifying for Kasasa Cash or Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash or Cash Back account during each Monthly Qualification Cycle:
- At least 12 debit card purchases, each greater than $4.99
- At least one direct deposit or ACH credit transaction
- Be enrolled in and agree to receive E-Statements
It's no problem if you miss a qualification cycle. Both accounts are still free. And you can get back to earning rewards the very next month you qualify.
Loan Rates
We know every other website rate sheet has 35+ different rates, terms, minimums, maximums, year, make, model...you get the idea. Let’s make this easier and cut to the chase! Give us a call: (605) 342-7776 and speak with a Loan Officer today for your specific rate quote.
Here are a few common rates we currently offer:
- Auto/Recreational 5.30% APR*
- Home Equity Line of Credit 7.75% APR*
- Credit Cards 7.0% APR*
Advertised rates and terms are subject to change at any time without notice.
Aspen FCU offers a tiered-pricing program. This allows as many members as possible to obtain financing. Your individual rate will be determined by the type and/or age of collateral offered, length of the loan, and your credit history. We welcome your application!
Loan Payment Example: At 5.55% annual percentage rate (APR) for a 60-month term with 0% down, monthly payments are calculated at $19.18 per $1,000.00 borrowed.
*Not all borrowers will qualify for lowest APR or 0% down. To find out if you qualify, call Aspen FCU at 605-342-7776
*Home Equity Lines of Credit rates are variable and subject to change on a quarterly basis. Maximum APR not to exceed 18%
Share Certificates
| Term | Dividend Rate | APY |
|---|---|---|
| 6 Months | 1.00% | 1.00% |
| 12 Months | 1.99% | 2.00% |
| 18 Months | 2.14% | 2.15% |
| 24 Months | 2.19% | 2.20% |
| 36 Months | 2.23% | 2.25% |
| 48 Months | 2.48% | 2.50% |
30 Month CD Special 3.45% Dividend Rate 3.50% APY
14 Month CD Special 3.94% Dividend Rate 4.00% APY*
8 Month CD Special 4.43% Dividend Rate 4.50% APY*
6 Month CD Special 4.76% Dividend Rate 4.85% APY*
Some Restrictions Apply call 605-342-7776 for more details.
Penalty for early withdrawal.
