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Had a banker tell me credit unions were better for small biz loans. 100% right.
Last year I needed a 15k loan for new equipment. My regular bank offered me 11% APR with a 3 year term. Then my buddy who runs a shop in Austin said try a credit union. I joined one local to me, applied, got 6.5% and the loan funded in 5 days. No joke. Has anyone else had a similar experience switching?
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ward.fiona18d ago
What did they do differently that made it feel more personal?
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seth_martinez2118d ago
My buddy's credit union approved me at 5.9% after my bank wanted 12% for a similar loan amount. The whole process felt way more personal and less like I was just a number in their system. Honestly I don't think I'll ever go back to a regular bank for business loans lol.
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