A recent article in Alabama.com reported that when Amanda Bender, owner of RedX Fitness, decided to rebrand her business, she also wanted to refinance one of her three facilities, a 33,000-square-foot building on 10 acres in Decatur.
She had originally financed the business about a dozen years ago with a Small Business Administration (SBA) loan through a conventional bank, Bender says.
“I was looking at another SBA loan,” she says, “but the fees are very high.”
Then a customer told her about the credit union where he worked.
“One of my members got hired on at Alabama Credit Union, and he knew I was looking to do some things financially,” says Bender. “He talked to me about the different [loan] options that I didn’t even know were available through the credit union.” Read full article here.