The better business lending alternative.
Loans to turn your business frown upside down and into a smile! Take charge of your money matters with business, ag, real estate and credit lines that will keep operations running smoothly and elevate your business to the next level. A line of credit will have you ready to grab opportunities and tackle surprise expenses when they pop up.
Meet with your local lending partner to get your business where you want it to be.
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Helpful Calculators
What loan amount can I qualify for?
Use this calculator to find out how much money you can afford to borrow.
What is my loan rate?
Calculate the interest rate on a loan given a loan amount, payment amount, and number of payments.
How much will my loan payments be?
Compute the payment amount (principal and interest) for a fixed rate loan.
How long will it take to pay off my loan?
Use this loan payoff calculator to find out how many payments it will take to pay off a loan.
Business Loan FAQs
Are business loans hard to get?
Obtaining a business loan depends on several factors. Lenders typically look at the creditworthiness of the business, its financial health, the purpose of the loan, and the industry risks involved.
Are business expenses tax deductible?
Business expenses are generally tax-deductible which can help reduce your taxable income, potentially lowering the amount of tax you owe. Proper documentation and records are essential to substantiate your deductions.
Always check with a tax professional or refer to the IRS guidelines to ensure that you are correctly applying tax deductions and staying compliant with tax laws.
Are business loans tax deductible?
Business loans can have tax-deductible elements, but the loan itself is not deductible. Instead, the interest you pay on a business loan is generally tax-deductible as a business expense. This means that the interest portion of your loan payments can be deducted from your taxable income, which can reduce your overall tax liability.
It’s always a good idea to consult with a tax professional to ensure you’re taking full advantage of the deductions available to you and complying with all relevant tax regulations.
How do business loans work?
Business loans are financial arrangements where Altana provides funds to a business entity, which must be repaid over time with interest. Business loans are financial products designed to help businesses cover expenses or invest in growth, and can help manage cash flow, expand operations, purchase equipment, or refinance debt.
How do business line of credits work?
A business line of credit is a flexible financing option, providing access to a predetermined amount of funds based on credit worthiness and financial health, that can be drawn upon as needed. Interest is only charged to the amount drawn, not the entire credit limit. As borrowed funds are repaid, they become available to be borrowed again, like a credit card.
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Disclosures
It is the policy of Altana Federal Credit Union to comply with all fair lending laws and regulations, including the Equal Credit Opportunity Act (ECOA), the Home Mortgage Disclosure Act (HMDA), the Fair Credit Reporting Act (FCRA), and the Fair Housing Act. In addition, the Credit Union adheres to federal regulatory agency fair lending guidance as set forth in the Interagency Policy Statement on Discrimination in Lending. Under the Equal Credit Opportunity Act (ECOA), it is illegal to discriminate in any credit transaction based on race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to contract), applicant’s receipt of public assistance income, and/or the applicant’s exercise of any right under the Consumer Credit Protection Act.
