At Augusta VAH Federal Credit Union, we can help small business owners boost their businesses. We can also help those with no business credit start a new chapter by becoming entrepreneurs. Small business loans can be used for multiple business-related purposes, including:

  • Buying an existing business;
  • Expanding your company;
  • Real estate purchase;
  • Refinancing your current business debt;
  • Purchasing equipment;
  • Covering rent payments;
  • Paying a payroll;
  • Working capital, etc.

Besides loans, you can also access business lines of credit to always have access to cash when you need it most.

Small Business Loan Requirements

We strive to make our loans accessible and affordable. To be eligible, you need to meet the following simple requirements:

  • Business credit score of at least 80 or a personal credit score of no less that 620;
  • For existing businesses: at least 1 year in business;
  • For existing businesses: cash flow and working capital requirements may vary.

What If Your Business Credit Score Is Lower?

We know that life happens, and your credit score may be lower due to unexpected emergencies. Therefore, we also offer secured small business loans to businesses and individuals with less-than-perfect credit. By using your property as collateral, you can qualify for a loan at better terms and boost your business without stress.

What We Offer

At Augusta VAH Federal Credit Union, we stand for a personalized approach. We also value our members and design our products with customers in mind. Here’s what you’ll get when taking out a small business loan with us.

Small Business Loans:

  • The ability to pre-qualify without affecting your credit score;
  • Fixed interest rates;
  • Repayment terms between 3 and 7 years;
  • Refinancing options with direct payments;
  • Loan amounts of up to $150,000.

Small Business Lines of Credit:

  • Revolving lines of credit of up to $50,000;
  • No balance transfer fee;
  • No cash advance fee;
  • Overdraft protection.

Have some questions left? Contact us and let us help you navigate the loan terms. You’re also welcome to pre-qualify and find out what interest rate and loan terms you can potentially get. The best part of it? Pre-qualification doesn’t affect your credit score!