Starting a new business can be overwhelming at times, but we have the tools to help you succeed.


Before meeting with a loan officer at SF Fire Credit Union (or any financial institution) you’ll want to make sure you have the following items handy:

Your Credit History

  • You can obtain your credit report once a year from each of the three major credit reporting agencies by visiting:

A Business Plan

Your Equity Injection

  • Equity injection is the percentage that the business owner is willing to invest of their own money into their business. This can range anywhere from 10%-30% (+/-) depending on the riskiness of the business.

Alternate Sources of Income

  • Due to the financial risks of a new company, proof of alternative sources of income are typically required. This could include a part or full time job, rental property income, a working spouse or partner or investment income.

Financial Documents

  • You may want to be able to provide business and personal tax returns, pay stubs, summary of expenses, balance sheets and income statements.


  • When applying for a business loan with a fixed term (i.e. not a line of credit), you will almost always be asked to borrow against some form of collateral (which could be property, cash, vehicles or equity). Think about what you could possibly use as collateral when applying for your business loan if necessary.


Contact our Senior Commercial Lending Officer, Kevin Louie at [email protected] to learn more, or to schedule an appointment for a time (and at a location) that’s convenient for you.