VyStar Credit Union (Commercial)

Agile Capital for the First Coast

While many commercial contractors automatically look toward traditional banks, ignoring VyStar Credit Union in Jacksonville is a massive mistake. As one of the largest credit unions in the country, their commercial lending division possesses serious financial firepower, but they operate with the localized agility and member-focused rates that massive national banks simply cannot match. All underwriting decisions are made locally, right here on the First Coast.

For mid-market GCs and growing subcontractors, VyStar is an incredible partner for equipment and fleet financing. Whether a firm needs to finance five new Ford F-250s or a fleet of mini-excavators, VyStar provides the capital to scale operations without draining daily cash flow. They are also highly aggressive in funding owner-occupied commercial real estate, helping specialty trades purchase their own warehouses and staging yards.

The ConstructionPerks Take

We think VyStar Credit Union is best for: Growing trade contractors and mid-market GCs who value hyper-local decision making and highly competitive rates for heavy equipment and owner-occupied real estate.

One thing to think about is project scale. They are phenomenal for mid-market business operations. For a massive, $200M syndicated high-rise development loan, a contractor will likely need to engage a top-tier national commercial bank.

Frequently Asked Questions

Does VyStar finance heavy construction equipment?

Yes, the commercial division offers specialized equipment financing and leasing options to help contractors acquire heavy iron and fleet vehicles.

Can a contractor finance a new warehouse through VyStar?

Absolutely. They are highly active in providing Owner-Occupied Commercial Real Estate loans to help local trade businesses purchase or build their own facilities.

Are commercial lending decisions made locally?

Yes, as an institution headquartered in Jacksonville, all commercial underwriting and loan approvals are executed locally by executives who know the North Florida market.