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Why Central One Is the Best Financial Partner for Small Businesses

 

Small businesses are the backbone of Central Massachusetts, and choosing the right financial partner can make all the difference. Whether you’re launching a new venture, expanding your operations, or simply looking for a more supportive banking relationship, Central One FCU offers the tools, expertise, and personalized service that local businesses use to thrive.

With multiple branches across Central Massachusetts and a long history of serving the community, Central One stands out as one of the region’s most trusted financial institutions. From flexible business checking accounts to competitive small business loans, Central One is built to help your business grow.

Business Checking Accounts Built for Every Stage of Growth

Central One’s Business Solutions Checking accounts are designed to meet the needs of businesses of all sizes and transaction volumes. Businesses can choose from two options:

Business Solutions Checking

  • Ideal for businesses with lower transaction volume
  • Straightforward, cost‑effective, and easy to manage
  • Great for startups, sole proprietors, and service‑based businesses

Business Solutions Plus Checking

  • Designed for businesses with higher balances
  • Earns tiered dividends up to 1.00% APY for balances over $100,000
  • A smart option for businesses that want their checking account to generate earnings

Business Solutions Interest Checking

  • Best for businesses with high transaction volume
  • Earns interest while supporting daily operational needs

These options ensure that every business, from a one‑person operation to a growing company, can find the right account to support its financial activity.

 

Digital Tools That Make Business Banking Easy

Modern businesses need modern tools, and Central One delivers. Business members have access to:

  • Online banking
  • Mobile check deposit
  • Bill Pay
  • Account alerts
  • Remote deposit capture
  • Merchant services

These features help business owners manage cash flow, accept payments, and stay organized, whether they’re in the office or on the go.

 

Why Central One Is the Best Choice for Small Business Banking in Central Massachusetts

  1. Local Decision‑Making and Personalized Support

Central One is deeply rooted in the Central Massachusetts community. Their team understands the local economy and provides guidance tailored to the region’s unique business landscape. As a not‑for‑profit credit union, Central One focuses on member success, not shareholder profits.

  1. Competitive Rates and Lower Fees

Credit unions are known for offering better rates and fewer fees than traditional banks. Central One’s business checking accounts offer competitive APYs, and their loan products are designed to be accessible and affordable for small businesses.

  1. A Full Suite of Business Services

Central One offers more than just checking accounts. Businesses can access:

  • Merchant services
  • Business credit cards
  • Payroll solutions
  • Business loans and lines of credit
  • Commercial real estate financing

This makes Central One a comprehensive financial partner for central Massachusetts business, not just a place to bank.

  1. Convenient Branch Locations Across Central Massachusetts

With branches in Auburn, Northborough, Milford, Shrewsbury, Westborough and Worcester, Central One is easily accessible for businesses throughout the region. Local businesses benefit from in‑person support when they need it and robust digital tools when they don’t.

Is Central One the Best Option for Small Business Loans in Central Massachusetts?

Central One Federal Credit Union is a top choice for small business loans in the region. Their lending options include:

  • Small business term loans
  • Lines of credit
  • Equipment and vehicle financing
  • Commercial real estate loans

Because lending decisions are made locally, the process is faster and more personal. Central One’s team works closely with business owners to understand their goals and tailor financing solutions accordingly. This combination of competitive rates, flexible terms, and community‑based decision‑making makes Central One of the best places for small business loans in Central Massachusetts.

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Adjustable Rate Mortgages

  • The 15/5 Adjustable Rate Mortgage offers a fixed APR of for the first 15 years then adjusts to a new rate every 5 years.

    Term: Available for terms up to 40 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application. Payments do not include taxes and insurance. 

    Begin the Application Process Check Rates

  • The 15/5 Adjustable Rate Mortgage offers a fixed APR of for the first 15 years then adjusts to a new rate every 5 years.

    Term: Available for terms up to 40 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Payments do not include taxes and insurance. 

     

    Begin the Application Process Check Rates

  • The 10/5 Adjustable Rate Mortgage offers a fixed APR of for the first 10 years then adjusts to a new rate every 5 years.

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Payments do not include taxes and insurance. 

     

    Begin the Application Process Check Rates

  • The 10/5 Adjustable Rate Mortgage offers a fixed APR of for the first 10 years then adjusts to a new rate every 5 years.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 5/1 Adjustable Rate Mortgage offers a fixed APR of for the first 5 years then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 5/1 Adjustable Rate Mortgage offers a fixed APR of for the first 5 years then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 3/3 Adjustable Rate Mortgage offers a fixed APR of for the first 3 years then adjusts to a new rate every 3 years.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 3/3 Adjustable Rate Mortgage offers a fixed APR of for the first 3 years then adjusts to a new rate every 3 years.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 1/1 Adjustable Rate Mortgage offers a fixed APR of for the first 1 year then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 1/1 Adjustable Rate Mortgage offers a fixed APR of for the first 1 year then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

Order Checks for your Home Equity Line of Credit (HELOC)

You can order checks through this link Order Checks or by calling 800-355-8123. You will need to input your account number and the Central One routing number (211387169). As a security precaution, you will not be able to change the address on the checks and all orders will be sent to the address of record on the account.

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