Loans to Keep Your Business Moving

We know that success looks different for every small business, which is why our term loans were built with smart growth in mind. Explore your options for purchasing vehicles or equipment or increasing working capital.

  • Equipment

  • Business Vehicles

  • 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

Business Vehicle Loans

As a small business owner, you need reliable transportation to connect you and your products to clients, customers and consumers. Whether purchasing or refinancing, we can help you secure the vehicles you need to grow and thrive.

Features:

  • No fees
  • No prepayment penalties
  • Loan to value1: new, up to 100%; used, up to 90%

Best For:

  • Cars
  • Light-duty trucks
  • SUVs

Application Checklist:

  • Completed and signed business loan application PDF
  • Purchase invoice/buyers order to include: Year, Make, Model, Mileage, VIN & Sales Price (Internet print-offs not accepted)
  • Certificate of Insurance: Navy Federal listed as Loss Payee
  • Mileage statement (for refinances)
  • Payoff statement (for refinances)

Commercial Vehicle Loans

We get it. Not all vehicles are created equally, and many small businesses rely on commercial vehicles to get the job done. Our Commercial Vehicle Loans are here to help you get the vehicles you need to transport and transform your operations.

Features:

  • No prepayment penalties
  • No fees
  • Loan to value2: new, up to 80%; used, 75%

Best For:

  • Commercial, heavy duty or “Special Use” trucks and vans
  • Rolling stock (semi-tractor trailers, grain trailers, and other equipment associated with hauling goods)

Application Checklist:

  • Completed and signed business loan application PDF
  • Purchase invoice/buyers order to include: Year, Make, Model, Mileage, VIN & Sales Price (Internet print-offs not accepted)
  • Certificate of Insurance: Navy Federal listed as Loss Payee
  • Mileage statement (for refinances)
  • Payoff statement (for refinances)

Ready to Apply?

To be eligible for Business Solutions offerings, business owners must first be members of Navy Federal Credit Union.

Already a Navy Federal member, but not yet a Business Solutions member?

Join Todayto become a Navy Federal Business Solutions member.

Already a Business Solutions member and ready to apply for a term loan?

  1. For requests up to $50,000, print the application formPDF  and Beneficial Owner FormPDF   (if required).
  2. Sign the completed form(s), then scan all documents and save as a PDF or JPEG file.
  3. Submit your application form and Beneficial Owner Form (if required) along with any supporting documents via our Business Loan Application Submission LinkPDF

Please allow two to three business days to process a fully completed application.

For requests greater than $50,000, call 1-877-418-1462, 8 am to 7 pm, ET, Mon-Fri to request to be connected with a business lending representative to start the process.

If you have any questions, call 1-877-418-1462, 8 am to 7 pm, ET, Mon-Fri.

Disclosures

1 Amount approved based on NADA value or purchase invoice amount, whichever is lower. Eligible collateral for a business vehicle includes vehicles manufactured for personal or household purposes and are not deemed to be a "fleet" or fare-paying passenger use (i.e., car, light-duty pickup truck [one-quarter ton maximum limit], or SUV). Please contact a business lending officer for details.

2 Amount approved based on NADA value or purchase Invoice amount, whichever is lower. Eligible collateral for a commercial vehicle includes a commercial, heavy-duty, or "special use" truck or vehicle. Please contact a business lending officer for details.