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Loans to Keep Your Business Moving

We know that success looks different for every small business, which is why our Secured 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

Secured Term Loans

Looking to strengthen or expand your operations? A Secured Term loan can provide the funds you need to take that next step.

Start an Application

Highlights:

  • Minimum loan amount of $10,000
  • Available for purchases and refinancing
  • 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
  • Leasehold improvements
  • Expansion
  • Businesses with annual sales of at least $100,000+

What You'll Need to Apply:

  • PDF
  • Purchase invoice/buyers order to include: serial number(s), if applicable, to ensure proper lien filing and sales price
  • Personal guarantee
  • Personal credit check
  • Certificate of Insurance: Navy Federal listed as Loss Payee upon approval

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.

Start an Application

Highlights:

  • No fees
  • No prepayment penalties
  • We review the CARFAX Vehicle History Report™Footnote 1 so you can buy with confidence

Best For:

  • Cars
  • Light-duty trucks
  • SUVs

What You'll Need to Apply:

  • PDF
  • Purchase invoice/buyers order to include: year, make, model, mileage, VIN and sales price (internet print-offs not accepted)
  • Mileage statement (for refinancing)
  • Payoff statement (for refinancing)
  • Personal guarantee
  • Personal credit check
  • Certificate of Insurance: Navy Federal listed as Loss Payee upon approval

Note: Business Vehicles are defined as all passenger vehicles that are used for business purposes and/or titled in the business name. This includes, but is not limited to, cars, SUVs and light-duty trucks. Excluded are fleet vehicles, fare-paying passenger vehicles, RVs, buses, over-the-road trucks and trailers, dump trucks and other heavy construction vehicles.

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 can help you transform your operations.

Start an Application

Highlights:

  • No prepayment penalties
  • No fees
  • Minimum loan amount $40,000

Best For:

  • Commercial, heavy duty or “special use” trucks and vans
  • Rolling stock (semi-tractor trailers no older than 5 years)
  • Purchases only, refinances don’t qualify

What You'll Need to Apply:

  • PDF
  • Purchase invoice/buyers order to include: year, make, model, mileage, VIN and sales price (internet print-offs not accepted)
  • Personal guarantee
  • Personal credit check
  • Certificate of Insurance: Navy Federal listed as Loss Payee upon approval

Note: Commercial Vehicles are defined as vehicles that are used primarily for transporting goods or paying passengers. This includes over-the-road trucks and trailers, fare-paying passenger vehicles, RVs, buses, dump trucks and other heavy construction vehicles and specialty trucks (food trucks, welding trucks, etc.).

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 member?

Join Today

Already a business member and ready to apply for a loan?

Secured Term or Commercial Vehicle Loan

  • Complete the application form and beneficial owner form (if required). Print them out and sign with a pen (digital signatures aren’t accepted). Then, scan the signed document(s) and submit online.
  • For requests greater than $50,000, call 1-877-418-1462, 9 am to 5 pm ET, Mon.–Fri., and request to be connected with a business lending representative.

Business Vehicle Loan

  • For Single-Owner Businesses: Begin the application process by signing in to our secure portal using your Navy Federal personal credentials.
  • For Multi-Owner Businesses: Complete the application form and beneficial owner form (if required). Print them out and sign with a pen (digital signatures aren’t accepted). Then, 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.

Disclosures

1

If you are approved for a used business vehicle loan, Navy Federal will use a CARFAX Vehicle History Report™ to review the vehicle. The result of this review may determine whether Navy Federal will disburse your loan proceeds for the selected vehicle. This process may expire at any time. Navy Federal is in no way responsible for the accuracy of the CARFAX Vehicle History Report™. CARFAX is a registered trademark of CARFAX, Inc. CARFAX Vehicle History products and services are based only on information supplied to CARFAX. CARFAX does not have the complete history of every vehicle.

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