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We Can Help You Grow Your Business
From commercial real estate loans to business lines of credit, you can find the financing you need for your business right here at Grow, with low fees and competitive rates.
Featured Video: Small Business Loans Q&AWatch VideoWatch Video
Commercial Real Estate 101: Owner-Occupied Loans vs. Investment LoansWatch Video
Business Credit Card vs. Business Line of Credit
Own Your Location
Maybe you want to move to a new location, open a second one or break free from leasing. When you’re ready to expand your business, you’ll need a commercial real estate loan that works for you. Our loans are designed to make your business more profitable, not ours —with flexible terms, no application fees and no prepayment penalties.
Get The Right Tools For The Job
Sometimes, you’ve gotta upgrade your equipment. Whether you need computers, freezers, delivery trucks — you name it, we’ll help you get it. Equipment or vehicle loans can be customized to fit the needs of your business. With every loan, you’ll always get flexible terms, no application fees and no prepayment penalties.
Go With The Cash Flow
Strapped for cash? Make it a thing of the past. Keep your day-to-day operations running smoothly, navigate the off-season or manage unexpected expenses with a Business Line of Credit. Talk to us about what you need to do, and we’ll help you figure out the right way to get it done.
From One Local Business To Another
When it comes to business lending, we offer a unique perspective — we’re a local business too. Our Commercial Loan Officers live and work in the communities we serve, so we know that helping you grow your business improves the community for all of us. You won’t have to explain your business needs to a half-dozen people before your loan can get approved, because our decision-makers are right around the corner in both our Tampa Bay and South Carolina areas. Sitting on hold for an hour or more? Nope. You’ll have a dedicated team here to help you with any of your business banking needs, from everyday banking to business financing. Ready to learn more about financing your business?
Commercial real estate loans, equipment loans, vehicle loans, business credit cards and business lines of credit are all common financing options for small businesses. Grow Financial provides financing for small businesses and can help you determine what you need to fit your business goals.
When you apply for a business loan, we’ll review your business’s financial statements, tax returns for the last two years and some personal financial information.
With a regular loan, you get a lump sum of money then pay it back with principal and interest. Simple enough, right? Well, with a line of credit, you use funds as needed (up to your limit), and most of the time, the minimum payment will be the interest on what you’ve spent. Business owners can use a line of credit in different ways. Some use it to cover short-term operating expenses, like payroll, when needed based on their cash flow. Others use their line of credit for a major renovation or upgrade.
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: when you open an account we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Subject to credit approval.
How to Find Your Routing & Account Numbers
When you make a payment online, by phone or on a mobile device, you may be asked for our routing number and your checking account number. Credit unions and banks use these numbers to identify accounts and make sure money gets where it’s supposed to be. You’ll also need to provide your routing and checking account numbers for:
- Direct deposits
- Electronic checks
- Military allotments
- Wire transfers
Where to Find Your Routing & Checking Account Numbers
Your personal checks include both our routing number and your account number, as shown on the Grow check example below.
Don’t have a Grow check? No worries.
Visit any Grow store and ask for a Direct Deposit Form. It lists both your routing number and checking account number.
Making a Loan Payment
When it comes to making payments, we try to make it as painless as possible to pay your loan every month. We have several different ways to pay, including convenient online options.
You have two ways to pay online by transferring funds from another bank or credit union.
- Grow Online Banking (Preferred payment method for any loan)
This is the simplest way to pay your loan. You can make one-time payments or set up automatic recurring payments in Grow Online Banking. Once you log in, select “Transfer/Payments” from the menu. If you’re not enrolled in Grow Online Banking yet, you can set up your account in just a few minutes.
- Debit Card or ACH (Available for auto, personal loans and HELOCs)
Note: ACH and debit card payments are not available for credit cards or most mortgages, except HELOCs.
We accept ACH payments with no additional fees or Mastercard® and Visa® debit cards with a convenience fee of $4.95. To get started with an online ACH or debit card payment, select Pay Now below.
Pay by Mail
You can also pay any Grow loan by check through the mail. Please remember to include your account number and Grow loan number on the check. (For credit card payments, please do not write your 16-digit credit card number on the check, which can cause a delay in processing the payment.)
Address for auto, credit card, personal loan and HELOC payments:
Grow Financial Federal Credit Union
P.O. Box 75466
Chicago, IL 60675-5466
Address for personal first or second mortgages and home equity payments:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733
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