a business woman working at her desk

Business Loans

Banking That Means Business

Fueling Local Business. Powered by You.
At Highmark Credit Union, we believe in growing our communities by helping local businesses thrive. Whether you’re just starting out or scaling up, our business lending team is here to support your goals with personalized service, flexible terms, and competitive rates - all from a local team that gets you and your needs.

Business Loans That Work for You

We offer financing solutions tailored to your business needs:

  • Business  Real Estate Loans
    Buy, build, or refinance your property with affordable long-term options.

  • Equipment Loans
    Get the tools and technology you need to do your best work.

  • Business Lines of Credit
    Manage cash flow with easy access to funds when you need them.

  • Term Loans
    Fund major purchases or projects with fixed payments and clear timelines.

  • SBA Loans
    Backed by the Small Business Administration, these loans offer lower down payments and longer terms.

Why Choose Highmark?

  • 🏦 Local Decisions
    Our lending decisions are made right here by people who understand your market.

  • 🤝 Relationship-Driven
    You're more than a number—we get to know your business and goals.

  • 💼 Experienced Lending Team
    Our specialists are here to guide you every step of the way.

Let's Grow Together

Ready to talk? Our team is happy to meet with you to explore your financing options—no pressure, just possibilities.

👉 Contact a Business Lender

Highmark Credit Union
Supporting local businesses since 1940.

 
How to Apply for a Business Loan from Highmark Credit Union 
At Highmark we are here to help you with…
  • Purchasing
  • Refinancing
  • Construction & development of business property
  • Whether the property is an apartment complex, a single family rental, office space, retail space, or warehouse space, our business lenders at Highmark will work closely with your company to finance your project.
  • LOCAL and TIMELY decisions to help you achieve your financial goals.
  • Ideal for purchasing a new business and/or expanding.
  • Financing for equipment, machinery, and business vehicle purchases.
  • Highmark 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.
A line of credit enables you to enhance your company’s working capital, purchase inventory, finance receivables, and support seasonal 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.
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.
 
As a designated SBA loan financial institution, we can also assist members with applications. Please ask our team for assistance with SBA loans.
 
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.
Whether you take payments at your restaurant, retail store, over the phone, through a catalog, or online, our Partners at NXGEN will make sure you’re minimizing your costs.




How to Obtain a Commercial Loan

(for new members)
Apply for a Highmark Business Account For New Members
 
1. 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
 
2. Apply for a Business Loan
Select Your Type of Commercial Loan
*All forms must be signed and dated to be considered complete. Additional documentation maybe required after your loan application has been reviewed and during the loan process.
 
Contact Highmark’s Business Lending Department at 605.716.4444
Make your appointment with our business lending team or mail your business loan paperwork to the address below:
ATTN: Business Lending Department
Highmark Credit Union
725 5th Street
Rapid City, SD 57701
 
Businesswoman using tablet in home office

Join Highmark Credit Union

Become a member of Highmark Credit Union and enjoy exclusive benefits:

  • Lower loan rates and fewer fees for our members
  • Higher rates of return on savings and deposits
  • Access to knowledgeable staff who provide personal service and care about your success.

Join Highmark