Business Loans

Select the Business Lending Solution that's right for your small business or nonprofit organization.

To Apply for a Business Loan you will need to fill out:

1. Business Loan Application
2. Personal Financial Statement
3. Business Loan Checklist

For information on Vantage West Business Accounts, contact:

James T. Barron "Jim"
AVP & Sr. Business Relationship Manager
(520) 617-4020 or James.barron@vwestcu.org 

Don Wren
Business Relationship Manager II
(520) 617-4062  or Don.Wren@vwestcu.org

Melissa Galus
Business Relationship Manager
(520) 617-4029  or Melissa.Galus@vwestcu.org
 

Business Loan Types

Business Real Estate/Mortgage Loans - loans that provide the resources to purchase, build, or refinance commercial real estate including office buildings, manufacturing facilities, warehouses and churches

• Owner Occupied Loans (Business owner must occupy at least 50% of the building space).
• Construction Loans
• Fixed and variable rate options with amortizations up to 20 years

Business Installment Loans - fixed rate loans for business purposes with flexible terms up to 84 months

• Purchase or refinance of equipment
• Commercial vehicles
• Debt Restructure
• Expansion
• Permanent working capital

Business Lines of Credit - variable rate revolving lines of credit designed to provide business owners access to cash to meet short-term business needs

• Lines of credit up to $500,000
• No need to re-apply each time you need access to cash
• Available Vantage West Credit Union Overdraft Protection for business checking accounts

Procurement Line of Credit - a pre-approved line of credit which allows business owners to qualify today for equipment purchases made within one year

• Provides the ability to expedite payment for purchases with funds that have been pre-approved
• Draws made from the pre-approved line reduces the funds available
• Maximum term of twelve months, then availability permanently expires

Commercial/Business Vehicle Loans - From company cars to commercial trucks and tractors, we can get you financed and back on your way back to the office or your worksite.

• Take advantage of the same outstanding rates, terms and special additional services we offer all our members.

Small Business Administration (SBA) Loan Programs - As an approved Small Business Administration (SBA) lender, we can offer government guaranteed loans to help qualified businesses obtain financing when they might not be eligible to be funded through traditional lending channels.

SBA Loan proceeds may be used for most sound business purposes, including working capital, machinery/equipment, furniture/fixtures, land/building including purchase, renovation and new construction, leasehold improvements and debt refinancing (under special conditions).

SBA Loan features:

• Lower down payment requirement
• Longer repayment terms offered (this means lower monthly payments)
• Higher loan-to-value ratios allowed (makes qualification easier)
• Borrow up to 90% of your business financing needs, preserving working capital.
• Projected income (in addition to historical cash flow) taken into consideration.
• No balloon payment at the end of the loan
• Fixed and variable rates offered

SBA Express and Patriot Express Loans are available through Vantage West for up to $350,000 for regular Express and $500,000 for Patriot Express.

Visit the SBA website for a wealth of helpful information and resources, from templates for financial statements, to information on business seminars and special SBA loan programs for women, minorities and start-up companies.

Vantage West Credit Union business loans and lines of credit are not subject to prepayment penalties. All loans subject to credit approval. All pricing and product details are subject to change. Certain restrictions may apply.