Business Loans

Commercial Real Estate Loans
Term Loans
Credit Lines
SBA/Government Loans
Letter of Credit
Business Credit Cards
How to obtain a Commercial Loan

Commercial Real Estate loans

Here to help you with…

  • Purchase
  • Refinance
  • Constructions & Development of commercial property

Whether the property is an apartment complex, Single Family rental, office space, retail space, or warehouse space business lenders at Highmark Federal Credit Union will work closely with your company to finance your project.

Term Loans

LOCAL and timely decisions to help you achieve your financial goals.

  • Ideal for purchasing a new business and expanding.
  • Financing for equipment, machinery, and commercial vehicle purchases.
  • Highmark Federal Credit Union offers flexible loan options, local decision making, and competitive rates giving your business the capital injection needed to take your business to the next level.

Credit Lines

  • A line of credit enables you to enhance your company’s working capital, purchase inventory, finance receivables, and support season or cyclical shifts. Since it is a revolving line, the funds become available again as you pay down the balance.
  • Easy payment and advance transfers of your line.

SBA CDC/504 & 7A Loans

A government loan program that provides financing for major fixed assets such as equipment or real estate. Ideal for small businesses and the economic development of our communities we serve. For more details, visit the SBA website at

Letter of Credit

A letter of credit is a letter from Highmark Federal Credit Union guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the credit union will be required to cover the full or remaining amount of the purchase.

Business Credit Cards

  • Give your business the power to purchase equipment, inventory, and supplies, whatever your business needs. This is a convenient way to access financing for short-term needs.
  • ScoreCard Rewards

How to obtain a Commercial Loan

In order to apply for a business loan, your business must become a member of Highmark Federal Credit Union by establishing a Business Account).

Step One – Provide Documents that Correspond to Your Business Entity:

  • “Active” Status with the South Dakota Secretary of State for all business entities
  • Formal Agreements:
    • Operating Agreement (LLCs only)
    • Partnership Agreement (Partnerships only)
    • Certificate of Incorporation
    • EIN Number

Step Two – Apply for a Business Loan

1. Select Your Type of Commercial Loan:

  • Highmark FCU Business VISA® account
    • Complete an Application
  • Commercial Real Estate (purchasing, refinancing & construction) or
  • Term Business Loans (i.e. equipment or vehicle financing) or
  • Business Credit Lines (i.e. working capital):

 *All forms must be signed and dated to be considered complete.

  • Residential Investment Rental Property
  • SBA Loans
    • Highmark Federal Credit Union is an experienced lender for larger projects which qualify for the SBA 504 Lending Program. Information regarding the 504 Program can be found on the SBA’s website
  1. Contact Highmark’s Commercial Lending department at 605.716.4444 to make your appointment with our business lending team or mail your business loan paperwork to the address below:

    ATTN: Commercial Lending Department
    Highmark Federal Credit Union
    725 5th Street
    Rapid City, SD 57702

*** Additional documentation maybe required after your loan application has been reviewed and during the loan process.