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Common Loan Types: Basics on Unsecured Loans

In part one of this two-part blog series, we went over some basics on secured loans and what they mean. Present across a number of loan types, secured loans refer to those that are backed by collateral, meaning the lender can claim this collateral if the borrower is unable to pay the loan back in … Continued

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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