Celebrating Small Business Month
Every May, Small Business Month gives us the opportunity to recognize and celebrate the entrepreneurs who power our communities, strengthen our economy, and bring innovation and character to the places we call home.
At Andrews Federal Credit Union, we are proud to provide support to small business owners whose hard work forms the backbone of our U.S. economy.
Some statistics about small businesses:
Small businesses make up 99.9% of all businesses in the United States
Small businesses employ 62 million people nationwide
Small businesses create 44% of U.S. economic activity
Small businesses create two out of every three new jobs in the county
Small business owners are regular people in our community who are working around the clock to create jobs, provide valuable products and services, and make a living for themselves and their families.
From local restaurants to family-owned construction companies, small businesses keep our nation’s economy powered up and running. We are proud to provide resources to support the small businesses that are supporting our communities, and we know how powerful the right financial partnerships can be to keeping a business growing and strong.
How Andrews Federal Supports Small Business Owners
Andrews Federal offers flexible financial solutions designed to meet a wide range of needs for small business owners, from processing transactions to ensuring capital access. Here are some of the ways we support entrepreneurs:
Business Checking and Savings Accounts
Our business checking and savings accounts are designed to help owners manage cash flow efficiently, separate personal and business finances, and plan for future growth.
With competitive dividend rates and convenient Digital Banking tools, members can stay in control of their finances. Our checking accounts are flexible depending on the amount of money you keep on-hand and accounts can also be monthly-maintenance fee free depending on your deposits.
Business Loans and Lines of Credit
Access to capital is one of the biggest challenges small businesses face and many businesses end up closing down because they face cash flow issues.
Business loans and lines of credit can keep funding more flexible and predictable, so business owners can worry less about what’s in the account daily and more on the business’s overall trends.
Loan options for small businesses include:
Business loans
Business lines of credit
Commercial vehicle loans
Commercial mortgage loans
These loans can help you get the resources you need for your business and ensure you’re able to tap into opportunities when they arise.
Merchant Services
Quick and efficient payment processing is a big part of managing finances for a business. Your customers want to be able to conveniently make their purchases without a lot of convoluted processes or hassle. At the same time, you want to be able to accept payments without a lot of overhead or behind-the-scenes charges.
Our merchant services make the process more streamlined so you and your customers both get what you need and get it conveniently and without compromising security.
Digital Banking Tools
Time is one of the most valuable resources for small business owners. Business owners also value the ability to be able to handle transactions conveniently wherever they are, without having to take time from a busy day to visit a branch for routine transactions.
Our digital banking tools allow members to manage accounts, transfer funds, monitor activity, and handle payments with ease. These tools help streamline financial management so owners can focus on running their business.
Standing With Small Businesses Year-Round
Small Business Month is a reminder of the critical role entrepreneurs play in shaping our economy and communities. Andrews Federal continues to invest in programs, partnerships, and resources that uplift small businesses both during Small Business Month and throughout the year. From financial solutions to community engagement, we are committed to being a trusted partner at every stage of the business journey.