Real Estate Loans
Buying real estate, renovating property or refinancing existing real estate can be valuable investments for your small business—let us help you strengthen your portfolio with a Real Estate loan.
- Commercial real estate
- Residential rental properties
- Multi-family dwellings
- Property renovation
Whether you’re growing your operations through a new workspace or broadening your business portfolio with investment properties, our Business Real Estate loans can help you expand your footprint and add to your assets.
Features:
- For purchases, refinances or renovation
- Fixed and variable rate options available
- Standard 5-year term, 20-year amortization
- No prepayment penalties
- Fees apply1
Best For:
- Commercial real estate (classified as either owner-occupied or investment property)2
- Residential investment property3
- Mixed-use property
- Property renovation
Application Checklist:
- Completed and signed business loan application
- Business Tax Returns under existing ownership (most recent 3 years)
- Business plan may be required
- Personal Tax returns for all owners/guarantors (most recent 3 years)
- Personal Financial Statement for all owners/guarantorsPDF
- Debt SchedulePDF
- Sales contract (Purchase)
- Lease agreement(s) (Investment Property)
- Rent Roll/s (Investment Property)
- Renovation estimates for materials and labor (Renovation)
- Additional documentation may be required
Business Lines of Credit
Looking to manage cash flow, payroll or working capital? A Business Line of Credit may be right for you. For shorter-term cash needs like overdraft protection, building inventory or offsetting unexpected expenses, our Checking Line of Credit connects you with the cash you need to cover gaps and reconcile accounts.1
- Temporary working capital
- Cash flow
- Payroll
- Gaps between accounts receivables and accounts payables
- Unexpected expenses
- Overdraft protection
Business Line of Credit
Need help managing working capital, operating expenses, cash flow or payroll? Our Business Line of Credit (BLOC) offers an ideal solution.1 Different than a term loan, BLOCS are flexible, allowing you to use funds as needed rather than receiving a lump sum—meaning interest is only paid on credit used.
Features:
- Revolving line of credit for operational purposes
- Variable rate tied to Prime2
- Term length can match borrower needs
- May be required to be secured3
- Fees apply4
Best For:
- Bridging cash flow gaps
- Business growth
- Unexpected expenses
- Other operational purposes5
Application Checklist:
- Completed and signed business loan application
- Business Tax Returns under existing ownership (most recent 2 years)
- Business plan may be required
- Personal Tax returns for all owners/guarantors (most recent 2 years)
- Financial Statements (Balance Sheet, Profit and Loss, A/R A/P Aging Report, Debt Schedule)
- Personal Financial Statement for all owners/guarantors pdf
- Additional documentation may be required
Vehicle and Term Loans
Whether your need is a car for traveling, a truck for hauling or a commercial oven for cooking, our Term loans offer you the opportunity to grow your business with the tools and materials you need.
- Permanent working capital
- Equipment
- Company cars
- Heavy duty trucks
Term Loans
Whether your small business is looking to finance a one-off asset or increase permanent working capital, our Term Loans offer the funds you need to strengthen or expand your operations.
Features:
- Available for purchases and refinances
- No prepayment penalty
- Loan to value: up to 75%, depending on the type of equipment
- $150 origination; lien search and recording fees may apply and vary by state
Best For:
- Commercial equipment
- Computer equipment
- Inventory
- Leasehold improvements
- Expansion
- Permanent working capital
Application Checklist:
- Completed and signed business loan application PDF
- Purchase invoice/buyers order to include: serial number(s) if applicable to ensure proper lien filing and sales price
- Certificate of Insurance: Navy Federal listed as Loss Payee