Business Essential Loan
Your next milestone is closer than you think.
Business Essential Loan 101
A simple, flexible loan that offers a wide range of funding options plus terms of up to 60 months, so you can pay on a schedule that works for you.
Take what you need to level up.
As a business owner, you know a thing or two about working smarter, not harder. You also know what your business needs to go the distance. Whether it’s a little cash for new furniture or funding to finally renovate your space, this loan can be custom-fit. Plus, our Essential Loan is a straightforward borrow-and-pay-it-back scenario, with no collateral required. We’re all about keeping things simple so you can focus on growing — without missing a beat.
Business Essential Loan Benefits
Get growing
Upgrading your business has never been easier. Schedule an appointment and apply for an Essential Loan today.
Take our card. If you're creative and courageous, you're our kind of person.
- Phone: 931.431.6800
- Email: info@forteracu.com
FAQs
What can a Business Essential Loan be used for?
A Business Essential Loan is a flexible (in term length and amount) loan that you can use for any small to mid-sized business need. Whether you are looking to purchase new lobby furniture, order a new POS system, pave a parking lot, or anything in-between, we can help you do that.
How much can I borrow with a Business Essential Loan?
You can borrow as little as $500 and as much as $40,000.
Can I make additional payments on the Business Essential Loan?
Yes! You can make additional payments on all Fortera Loans.
What documents do I need to apply for the Business Essential Loan?
To verify your identity, we always ask that you come prepared with a government-issued ID. It is important that it is not expired. Examples of acceptable IDs include a State Driver's License or a U.S or Foreign Passport. If we have trouble validating your ID, we may ask for a secondary ID. If you have a question about whether or not an ID can be used, just text us at 931.431.6800 or chat with us at forteracu.com. Please click here for the full list of the documents you will need.
Can I set up automatic transfers in Online Banking to pay for the Business Essential Loan?
Yep! You can make payments toward this loan from Online Banking and you can make payments from a different bank account using our Make A Payment feature.
Can I apply for the Business Essential Loan online or do I need to apply for it at a branch location?
You do need to call us or come into a branch to open this account. We are working toward having easy online applications soon. In the meantime, please call us at 931.431.6800, email us at info@forteracu.com, or schedule an appointment to open an account.
What's New
Nitty, gritty, and super important.
New Business Essential Loan Payment Example: For a $20,000 loan for a term of 5 years with a 12.99% APR, the monthly payment will be $455.07.
*Higher amortization for a lower payment means the loan will have a balloon payment on the 5-year maturity date. The same loan with a 60-month (5 year) amortization will have a monthly payment of $4,862.87.