Revolving credit lines for Illinois and Wisconsin businesses with low APRs.

Credit unions are known for having competitive rates — they’re nonprofits so they can afford it. This credit union based in Illinois and Wisconsin is no exception. In fact, with rates of 50,00 APR, they’re highly competitive for a nonprofit lender. But they don’t offer unsecured term loans and only work with established businesses — startups will have to look elsewhere.


Min. Amount


Product Name Consumers Credit Union business lines of credit
Min. Amount $50,000
Loan Term Varies
APR Starting at 1.5%
Requirements At least two years in business, located in Wisconsin or Illinois, business member of Consumers Credit Union

Application Criteria

  • At least two years in business
  • Located in Illinois or Wisconsin
  • Business member of Consumers Credit Union

First, do I qualify?

To qualify for a Consumers Credit Union line of credit, your business must be:

  • At least two years old
  • Located in Wisconsin or Illinois
  • A business member of Consumers Credit Union

What is a Consumers Credit Union business line of credit?

Consumers Credit Union offers both secured and unsecured lines of credit starting at $50,000. It’s a revolving credit line, meaning that your limit renews as you pay off your balance — similar to a credit card. So if you withdrew $10,000 from a $50,000 credit line, you’d only have access to $40,000 until you paid off the $10,000.

Revolving credit lines typically come with monthly minimum payments rather than set interest and principal payments. Variable rates can go as low as 1.5% APR and Consumers Credit Union charges businesses an annual fee of $100 for each year it has the credit line open.

What makes Consumers Credit Union business lines of credit unique?

Consumers Credit Union business lines of credit start larger than the competition — especially those from online lenders. This can make them particularly useful for businesses with large projects on the horizon. These lines of credit are also relatively flexible, allowing businesses to provide collateral for more favorable rates and terms if they like.

Looking for a personalized experience? Consumers Credit Union might be just what you need — it has a team of business loan experts to guide you through the application process.

What are the benefits of borrowing with Consumers Credit Union?

  • Competitive rates. Consumers Credit Union’s rates start several percentage points below the business loan rates you typically find even at other credit unions.
  • Revolving line of credit. Your business will be able to access up to its original credit limit as soon as it pays off its balance.
  • High credit limits. The maximum credit limit is determined by your business’s needs and financials — there’s technically no limit.
  • Secured and unsecured options. Your business can choose whether or not it wants to back its credit line with collateral to score more favorable rates.

What to watch out for

  • Not for startups. Your business must be around for at least two years before it’s eligible for a line of credit.
  • No online application. The only way to get started on your application is by calling customer service or visiting your local branch.
  • Limited available information. There isn’t much information available online about the loans, and customer service wasn’t able to provide us with more than a few very basic details.
  • Only available in two states. Your business must be located in Illinois or Wisconsin to qualify for a line of credit.

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