Credit Unions for Military Entrepreneurs
By Marco Carbajo
If you are in the military, a veteran, or military spouse; and you either own or are thinking about starting a business, consider joining a credit union for military entrepreneurs to service your company’s banking needs.
Military credit unions offer tremendous benefits for small business owners and because they are member-owned, they always act in your best interest.
The good news is this: Once you are a member, you are always a member. You can leave the military, change employers, move, retire, and get married—and never have to leave the credit union.
Some of the additional benefits for military entrepreneurs are the wide array of financial products and services military credit unions offer.
For example, Navy Federal Credit Union offers a business credit card that does not report to your personal credit reports. When you draw on your company’s credit line, your personal debt/credit ratios are unaffected. This shelters your personal credit for personal necessities such as auto loans, mortgages, student loans, and personal credit cards.
Here is a breakdown of the types of business services military credit unions offer to their members.
Business Checking and Savings
Business Loans (Secured and Unsecured Term Loans)
Business Credit Cards
Generally, you can join a military credit union if you fall under any of these categories:
Some credit unions allow your family members (once they’ve joined) to extend the membership opportunity to their family members, too.
If you own a small start-up or a thriving company, a credit union for military entrepreneurs can help you guide your business every step of the way. You’ll have a trusted partner who’s looking out for your best interests.
To locate a military credit union nearest you, go to culookup.com and type in what branch of the military you serve under the affiliation tab.
My respect, appreciation, and prayers go out to all the members of our military and their families. We thank you for your service, dedication, and sacrifice for our country.
Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility Corp., the SBA.gov community, About.com, and AllBusiness.com. His articles and blog, BusinessCreditBlogger.com, have been featured in Fox Small Business Center, American Express Small Business Saturday, Bloomberg Businessweek, The Washington Post, The New York Times, The San Francisco Tribune, Alltop, and Entrepreneur Connect.
Source: Small Business Administration
More About the Business Credit Insiders Circle (according to its website):
Since January 2005, BusinessCreditBlogger.com has been teaching entrepreneurs and small business owners how to build business credit and obtain funding without putting personal credit or personal assets at risk.
Business Credit Blogger founder Marco Carbajo has been in the business credit and consumer credit industry for over twenty-one years. As a business owner, Mr. Carbajo has successfully built two multimillion-dollar financial companies in just a few short years.
Business Credit Blogger started as a simple one-man blog. Today, Business Credit Blogger powers a national step-by-step Business Credit Building System (The Business Credit Insiders Circle) and funding engine serving more than fifty-two thousand entrepreneurs, small business owners, finance professionals, real estate investors, and non-profit organizations.
Every service and funding program we offer was designed from the practical, real-world needs we see every day among entrepreneurs and small business owners.
Our mission has never changed: We’ll help you build a creditworthy business and obtain the funding you need without having to put your personal credit or personal assets at risk every time.
SOURCE: U.S. SBA
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