Loans are paid in a short amount of time and will be guaranteed by the member’s payroll deductions or through their business cash and ach deposits.  These small busiess loans are only available to current employees of BBNA,

Eligibility

Spot loans will only be made to eligible BNA Federal Credit Union members.  Conditions are as follows:

1. Currently employed in BBNA with no plans of leaving/retiring from BBNA during the time of application. 

2. Member is valid to enroll for payroll deduction from BBNA or has 4 months of business checking statements with deposits. Funding is underwritten and approved by merchant advancements or mds funding.

3. Member is in good standing on their other BNA FCU loans. 

Loan Terms

Application Process and Terms

All applications will be initiated and approved in the Credit Union by the manager or a Board of Director officer. Minimum length of BBNA service to apply for a short term loan is 3 months.  Credit reports are not required to consider and approve loan applications.