Whether you’re working on a start-up, funding business expansion, or investing, we have options that fit your goals, company size, and amount you’d like to borrow. Navigant Credit Union offers the same solutions as larger institutions do, with personal attention and local sensibility.
We’re a SBA Preferred Lender, offering Term Loans for long-term investment, Business Lines of Credit for flexible financing when you need it, and Real Estate Financing.
Get started today. Here’s how it works.
To arrange a meeting, please choose one of the methods below.
- Contact one of our business lending specialists directly
- Scroll down to the “Connect” form below, submit it, and one of our business lending specialists will contact you
- Call us at 401.233.4700
Before you set up a meeting, get these forms completed and in hand. When we meet, we’ll explain your funding options, and help you get the funding you need.
- A completed Business Loan Application
- Personal Financial Statement(s)
- A completed Tax Return Release Authorization Form (we will need the owner’s personal tax returns for the past three years, and your business tax returns or financial statements for the past three years)
- A brief overview of the business and resumes of the company’s principals
- Is your loan for investment property? Please complete this Rent Roll.
Have a question? Call 401.233.4700 and ask to speak to someone in the Member Business Lending Department.
Your Navigant loan specialist will put your documents in a standard, complete package and formally submit it. We’ll conduct a financial analysis of the request, including cash flow, guarantors, and credit worthiness.
From you? Nothing. It’s all on us.
The underwriter is a key decision-maker, making sure you match the requirements of the loan product for which you applied. When the underwriter’s work is done, your loan specialist will produce a written Term Sheet that summarizes our loan proposal for you (or, if the loan has been declined, a letter that explains the decision).
For you, just one: after you receive the Term Sheet, sign it and return it to us, indicating your acceptance of the terms and conditions of Navigant’s loan proposal.
In this step, Navigant completes the detailed loan write-up. You’re not approved yet, so how long will it take?
For Business Loans – For Lines of Credit and Term Loans to operating companies, you can expect approval in 10-20 business days. (Loans with policy exceptions that require Credit Committee approval can take longer.)
For Commercial Real Estate Loans – You can expect approval in 20-30 business days. This assumes we’ve received appraisal and environmental reports on time. (Loans with policy exceptions that require Credit Committee approval can take longer.)
From you? Nothing. It’s all on us.
For Business Loans – Navigant Credit Union will request business documents from the attorney you have chosen. Our own closing attorney will review everything, prepare the required closing documentation, and schedule the closing. It can take up to 20 business days for a closing to be scheduled.
There is a possibility (for smaller loans) that all required documentation may be prepared by the Credit Union, and the closing may be scheduled in as little as 5-7 business days.
For Commercial Real Estate Loans – Navigant Credit Union will request a title search and/or other business documents from the attorney you’ve chosen. Our own closing attorney will review everything, prepare the required closing documentation, and schedule the closing. It can take up to 20 business days for a closing to be scheduled.
For you, just RSVP to the closing invitation. (But if it’s a real estate loan, do check in on your attorney. His or her timeliness will affect how quickly we can move.)
It’s time to sign a stack of documents and complete your financial transaction. If everyone involved understands the terms and the documents they’ll be signing, the closing should go quickly.
For you, just a pen – and ideally, an understanding in advance of the documents you’ll sign.
We’re ready when you are.
Thank you for your interest in financing with Navigant Credit Union. We have an efficient process from start to finish, experts to guide you, and we all work to exceed your expectations.