How a Small Business Can Leverage Commercial Loans

Quick Answer: A small business can leverage commercial loans like lines of credit, term loans, and equipment financing to support growth and operational needs. These products provide flexible financial solutions to help businesses manage cash flow, fund expansions, and purchase equipment.

Small business commercial loans - Clark County Credit Union in Las Vegas, Nevada

For business owners in Las Vegas, managing finances efficiently is the key to achieving long-term success. Commercial lending products offer an excellent way to fuel growth, fund daily operations, or invest in equipment without straining existing resources.

Understanding the available options and choosing the right lending product is crucial for any business. CCCU shares three ways small business commercial loans can be used for success.

Lines of Credit

A business line of credit gives businesses flexible access to funds when needed. Whether covering short-term expenses or filling gaps in cash flow, a line of credit can be a valuable tool to manage your business smoothly. You only pay interest on the amount you use, which makes it a cost-effective option.

Are you a new business looking to get a line of credit? Learn the five steps to secure your business line of credit.

Term Loans

Term loans are ideal for businesses looking to make large investments, such as expanding operations or purchasing significant assets. These loans will provide you with a lump sum of capital, which is repaid over a fixed period. They are often used to finance business expansion or major projects, helping your business achieve its long-term goals.

Equipment Financing

Need new machinery or technology? Equipment financing allows your business to buy essential equipment without the large upfront costs. The loan is secured by the equipment itself and payments are spread over time, helping to keep your operations running smoothly while preserving cash.

Check out our quick guide to secure a business loan for equipment.

Get Started with CCCU

Choosing the right commercial lending product for your business can be challenging, but at Clark County Credit Union we have an experienced commercial team that will help you get the type of commercial lending product that will put your business on the map. We offer professional guidance and personalized solutions tailored to fit your unique business needs. For commercial lending inquiries and questions, call our commercial team at 702-228-2228 or visit www.CCCULV.org.