Growing your business starts here.

It’s easy to apply for the funds your business needs.

When it comes to giving businesses the attention they deserve, Generations puts the time in to get to know each one. And we specialize in commercial loan options tailored to fit your specific needs.

If you’re unsure of what GFCU documents are required to get your application going, click the links below to quickly and conveniently download them right from this page. For any questions that come up along the way, give one of our Business Specialists a call at 210-767-5202.

Commercial Loan Application Form – This is the application you will need to fill out in order to apply for any loan you’re seeking for your business; everything from commercial real estate loans, secured and unsecured term loans, credit cards and revolving lines of credit.

Personal Financial Statement – You may or may not need to fill out this form, depending on which loan your business is applying for. See tables below for required forms by loan type.

 

Business Credit Cards:

  $5K-$10K > $10K
Loan Application Yes Yes
Business Tax Return 1 Year 2 Years
Personal Tax Return 1 Year 2 Years
Personal Financial Statement No Yes

 

 

 

 

 

 

 

 

Business Lines of Credit:

< $10K $10-$50K > $50K
Loan Application N/A Yes Yes
Business Tax Return N/A 2 Years 3 Years
Personal Tax Return N/A 2 Years 3 Years
Personal Financial Statement N/A Yes Yes
YTD Income Statement N/A Yes Yes
YTD Balance Sheet N/A Yes Yes
Accounts Receivable Aging N/A Yes Yes
Inventory List N/A Yes Yes

 

 

 

 

 

 

 

 

 

 

 

 

 

Term Loans:

  < $10K $10 - $50K > $50K
Loan Application Yes Yes Yes
Business Tax Return 1 Year 2 Years 3 Years
Personal Tax Return 1 Year 2 Years 3 Years
Personal Financial Statement No Yes Yes
YTD Income Statement No Yes Yes
YTD Balance Sheet No Yes Yes
List of Collateral Yes Yes Yes

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Real Estate (Owner Occupied):

  < $50K > $50K
Loan Application Yes Yes
Business Tax Return (Operating Company) 2 Years 3 Years
Personal Tax Return 2 Years 3 Years
Personal Financial Statement Yes Yes
YTD Income Statement Yes Yes
YTD Balance Sheet Yes Yes
Purchase Contract Yes Yes

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Real Estate (Investment):

  < $50K > $50K
Loan Application Yes Yes
Business Tax Return (Borrowing Entity) 2 Years 3 Years
Personal Tax Return 2 Years 3 Years
Personal Financial Statement Yes Yes
YTD Income Statement Yes Yes
YTD Balance Sheet Yes Yes
Purchase Contract Yes Yes
Rent Roll/Lease Agreement Yes Yes

 

 

 

 

 

 

 

 

 

 

 

 

 

Generations may review documents for startup businesses on a case-by-case basis. The minimum credit limit on a commercial credit card is $5K.

Generations may review documents for startup businesses on a case-by-case basis. The minimum credit limit on a commercial credit card is $5K. Equal Opportunity Lender. The credit union makes loans and extends credit without regard to race, color, religion, national origin sex, handicap or familial status. Rates and terms may vary based on credit worthiness; all loans subject to approval.