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  • Knowledge Base
  • 1. How can I schedule an appointment with a Commercial Lender? Views: 854
    To schedule an appointment with a Commercial Lender, call or email the Commercial Loan Officer by calling the numbers below or clicking on the commercial lender’s email address. William Kalianov Senior Commercial Loan Officer West Lakes Branch (515) 289-5562 (800) 235-3228 ext 5562 WilliamJK@veridiancu.org Steve Lindaman Senior Commercial Loan Officer Ansborough Branch (319) 833-4535 (800) 235-3228 ext 4535 StevenRL@veridiancu.org Marcia Correll Senior Commercial Loan Officer Blairs   More...
  • 2. What are the terms for Commercial Mortgages? Views: 202
    Veridian offers commercial mortgages with a 25-year amortization and a 5-year balloon. For more information, contact a Veridian Commercial Lender.
  • 3. Is a down payment required on a business loan? Views: 198
    Yes, 20% down is required for commercial real estate and 25% down for commercial equipment. For more information or to set up an appointment, contact our Business Lending department.
  • 4. What is the required down payment for a commercial real estate loan? Views: 196
    Down payments for commercial real estate range from 20 -30% depending on the type of real estate. For more information, contact a Veridian Commerical Lender.
  • 5. What are the rates on commercial loans/mortgages? Views: 191
    Rates for commercial loans and real estate vary and are dependent on credit, type of property and overall credit scenario. To find out more, contact a Veridian Business Services Representative.
  • 6. What are the benefits of Veridian's business credit card? Views: 185
    Use your Visa card for cash advances at any financial institution displaying the Visa symbol. Sign up for automatic payment, and we'll make sure your Visa payment is made on time. Monitor your Visa account balance, payment status, and make payments by transferring funds from your checking or savings account anytime using Veridian's Online Banking at www.veridiancu.org or TellerPhone(24-hour automated telephone system). Purchase Security and Extended Protection Assists in protecting busin  More...
  • 7. What types of business loans does Veridian offer? Views: 175
    Business Loans available include: Commercial Construction Mortgages Commercial Real Estate Small Business Administration (SBA) Loans Equipment Financing Inventory Financing Accounts Receivable Financing Lines of Credit Letters of Credit
  • 8. What information is needed to apply for a business/commercial loan? Views: 50
    We generally require the following: Completed Business Debt Schedule with balances reconciling with the recent financial statement Business Federal tax returns for the prior three years to include all supporting schedules, statements and K-1s Personal Federal tax returns for the prior three years to include all supporting schedules, statements and K-1s Interim business financial statement, including balance sheets and income statements no older than 60 days Management Resume to be completed by a  More...
  • 9. Where can I find help with developing a business plan? Views: 34
    We recommend checking out the following websites: Small Business Association UNI Regional Business Center Small Business Resource in Iowa Guide (This site includes contact information to the Drake University Small Business Development Center and other Small Business Development Centers in Iowa)
  • 10. How do I apply for a business loan? Views: 33
    To apply for a business loan, contact a Veridian Business Services Representative.
All information provided through this site is intended to be accurate.. However, there may be inaccuracies from time to time which we will make every attempt to correct immediately. Information provided is intended to assist you in making decisions and does not eliminate the need to discuss your particular circumstances with a qualified professional.