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

Let’s team up

Our business services team is here to support you and everything you do. Anytime you need to talk shop, reach out directly to us at 931.436.9088 or email us at

We travel for business

On the road or at the conference, keep your money close with our mobile app and online banking.

Your network just got bigger

Our business members enjoy access to credit union branches and ATMs all around the world — surcharge-free. Learn more about how to find a Fortera-friendly credit union near you.

Goal setting made simple

Our skilled experts are easy to reach and happy to help. For members and non-members alike, meetings and consultations are always free, so make the most of your money, on us.

Rest easy

With us, your money is always protected and insured by the National Credit Union Administration. You’re covered on all deposits up to $250,000, so save away.

Statements that save

....Trees, space, and worry. Always enjoy access to 18 months worth of e-statements. Keep more trees, toss your file cabinet, and know your info is always safe and sound.

Apply for free

You’ve got enough on your plate. That’s why our business loan applications are always free.

Easy pay, easy go

When you set up Auto Bill Pay in online banking, you can make payments from wherever you are. So set that out-of-office and take a break. You’ve earned it.

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:

Need a hand?

Tag us in. Whether you are on your couch or halfway around the world, use our video chat to get quick answers from a friendly face. Give us a call and let us know how we can help.

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 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, or schedule an appointment to open an account.

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Business Essential & Gold Checking

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What's New

Nitty, gritty, and super important.

Fine print is your friend. When you have a minute, give these a good read:
Business Rate and Fee Disclosure
View PDF

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.