Business Loans
Every business has different financing needs. That’s why Beacon Credit Union offers a variety of commercial lending solutions to help you manage cash flow, purchase equipment, invest in property, or fund expansion opportunities in Central and Southwest Virginia.
Business Term Loans
Finance the investments that help your business grow.
Whether you’re purchasing equipment, expanding your fleet, buying inventory, or investing in new opportunities, a Beacon Business Term Loan provides predictable financing with flexible terms that fit your budget.
Benefits
- Fixed interest rate
- Consistent monthly payments
- Competitive financing for equipment, vehicles, inventory, and more
- Flexible repayment terms
- Online and mobile banking available
Business Lines of Credit
Access working capital when you need it most.
A Beacon Business Line of Credit gives you the flexibility to cover unexpected expenses, manage seasonal cash flow, purchase inventory, or take advantage of new opportunities—without borrowing more than you need.
Benefits
- Borrow only what you need, when you need it
- Pay interest only on the amount you use
- Adjustable interest rate
- Ideal for managing cash flow and short-term business expenses
- Convenient online and mobile banking access
Beacon Learning Center
Expert advice and tips to help you make smart financial decisions.
How to File Taxes for Your Small Business
The Tax Cuts and Jobs Bill reformed not only individual taxes but also corporate taxes, including small businesses. That means when you file, you might have some new things to take into consideration if you have a small business.
The Ins and Outs of Commercial Banking
Do you ever wonder what happens to the money you deposit into your checking account? Let’s find out the hows and whys of commercial banking. We’ll look at things from a customer’s perspective first.
Everything You Need to Know to Get Started With Business Accounting
Being able to understand the terminology used on financial statements is key to knowing if businesses you’re involved with are healthy. Reporting requirements vary across different types of companies. Sole proprietorships, for instance, have much simpler requirements than public companies.
When to Have Separate Accounts for Business Expenses
Keeping your business expenses separate from personal expenses can be an important habit to build if you want simple IRS tax return filings. Doing this can take a few weeks of daily practice. But not doing this could give the IRS a reason to audit you. Here are five easy tips for tracking business expenses.
Business Solutions
Support your growth with business solutions from Beacon Credit Union, including tools designed to help you manage expenses, improve cash flow, and grow with confidence. With convenient access, competitive rates, and trusted local service across Central and Southwest Virginia, Beacon delivers the resources your business needs to succeed.
