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BreadRoute Review
Bank of Labor
3.5Our Bank of Labor Review
Bank of Labor is a commercially chartered bank founded in 1924 with a distinct niche: it is labor-owned and operated, with a focus on serving union entities, project sponsors, and affiliated organizations alongside traditional business borrowers. It offers a standard range of commercial lending products — including lines of credit, term loans, equipment finance, commercial real estate financing, and construction finance — and operates nationally. Specific rates, minimum qualifications, and approval criteria are not publicly detailed, so prospective borrowers should contact the bank directly to understand eligibility. Its union-aligned ownership makes it appear well suited for labor organizations and related entities seeking a banking partner that understands their structure.
Who Is Bank of Labor Best For?
Based on eligibility requirements and available products.
- Businesses where credit score is not a primary factor
- Businesses that need equipment or machinery financing
- Businesses with commercial real estate financing needs
- Businesses that need flexible, revolving access to capital
Financing Options
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Bank of Labor Pros & Cons
Pros
- No minimum credit score requirement
- Wide range of financing products
Frequently Asked Questions
Bank of Labor does not apply a strict minimum credit score requirement, making it accessible to a wider range of businesses.
Bank of Labor offers the following financing products: Equipment Finance, Construction Finance, Commercial Real Estate Financing, Line of Credit, Term Loan.
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