Common Loan Types: Understanding Secured Loans

When you’re looking into obtaining a loan of several different types, there will be a few important considerations. One of the simplest ones, and an area it pays to know a bit about: Secured versus unsecured loans. What are these, and which is right for you? At Diversified Members Credit Union, we’re proud to offer … Continued

Detroit Business Loan Application: Type, Cash Flow, Lenders

In part one of this two-part blog series, we went over some basic tips on how to successfully apply for a small business loan. There are a few important facets to this conversation, from strong documentation to credit history and more, and ensuring you have your ducks in a row will increase your chances at … Continued

Business Loan Application: Documentation and Credit

For business owners in need of some additional financing for any part of their company’s operations, a business loan is one of the most common and reliable options. Available from a few different lender types, from banks and credit unions to certain private lenders, business loans assist with a wide variety of different company needs. … Continued

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