Business Secured Term Loans
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Equipment -
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Furniture & fixtures -
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Working capital
Business secured term loans can fuel your ambitions and propel your business forward
Drive growth with flexible loan options tailored to your ambitions.
Features:
- Minimum loan: $25,000
- Purchases and refinancing
- Borrower cash contribution required
- Loan to value: finance up to 75% of value, depending on purchase type
Best for:
- Equipment financing
- Furniture & fixtures
- Purchasing a business
- Business expansion
What you'll need to apply:
- Personal guarantee
- Personal credit check
- Purchase invoice/buyers order with serial number(s), if applicable, to ensure proper lien filing and sales price
- Financial documentation and additional information may be required
Ready to apply for a business secured term loan?
To be eligible for a business secured term loan, business owners must first be members of Navy Federal Credit Union. Already a Navy Federal member, but not yet a business member? Join today!
For requests up to $350,000
Begin the process by signing in to our application portal using your personal Navy Federal credentials. Then, follow the on-screen instructions.
Note: Your request may be considered for a Small Business Administration loan guarantee.
Submit your application for business loans up to $350,000
For requests greater than $350,000
- Complete the application form and personal financial statement for all owners/guarantors and beneficial owner form (if required).
- Print out the form(s) and sign with a pen (digital signatures aren’t accepted).
- Scan the signed document(s) and submit online.
You'll receive an update approximately 7–10 business days after you've submitted your request.
Note: If you’re a Navy Federal employee applying for business credit, you must contact Business Solutions by calling 1-877-418-1462 to apply.
