Commercial Loans

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Lending Options to Grow Your Business

Whether you’re starting out small or thinking big, the lending resources you need for your business are right here at Apple FCU.

Contact a Commercial Services Expert at 703-788-4800 to get started.

Business Term Loans

Does your business have the right loan to grow?Whether its funding equipment, machinery or upgrading your current facility. Our term loans offer great rates, low-fees, and flexible terms.

Features

  • Competitive Interest Rates and Low Fee’s
  • Flexible Terms & Conditions
  • Dedicated Commercial Lender assigned to your account relationship

Equipment Financing

Do you need financing for any of your equipment purchases? We finance all types of equipment. Whether you need to furnish your new office, purchase machinery or both, we offer competitive rates and terms for all your business equipment needs.

Features

  • Terms up to 10 years or useful life
  • Competitive Interest Rates and Low Fee’s
  • Flexible Terms & Conditions
  • Dedicated Commercial Lender assigned to your account relationship

Working Capital

Get cash for your business when and where you need it For the ongoing working capital or immediate cash needs of your business, Apples Business Line of Credit offers a convenient and efficient way to meet your day-to-day cash flow needs.

Features

  • Competitive Interest Rates and Low Fee’s
  • Flexible Terms & Conditions
  • Dedicated Commercial Lender assigned to your account relationship

Commercial Real Estate Loans

Does your business need more space? Whether buying a new building or refinancing an existing loan, we can help with commercial mortgages for both owner-occupied and investment real estate of all types. We offer competitive market rates, flexible terms, and fast approval times.

Features

  • Up to 80% loan to value (LTV) on most properties; 60-65% LTV on specialty properties
  • Competitive loan rates
  • Low fees
  • No prepayment penalty
  • Flexible terms and conditions
  • Fast approval times
  • LOCAL Underwriting & LOCAL Decision Making

SBA 504 Loans

Long-term fixed rate financing for major fixed asset purchases The SBA 504 Loan Program makes it easy to obtain long-term fixed rate financing for major fixed asset purchases such as office buildings, retail space, warehouse facilities, machinery, and equipment.

Features

  • Competitive Interest Rates and Low Fee’s
  • Flexible Terms & Conditions
  • Dedicated Commercial Lender assigned to your account relationship

Vehicle Loans

We have many affordable, flexible options that make it easy to buy your next commercial vehicle or refinance your existing one. Best for cars, light-duty trucks, SUV’s, heavy duty or “special use” vehicles trucks and vans.

Features

  • Available for both purchase and refinancing
  • No prepayment penalties and competitive fixed rates
  • Commercial fleet vehicles up to 80% financing
  • Terms up to 84 months
  • Loan amount must exceed $50,000, after the down payment requirement has been met
  • Low fees; $150 origination; lien search and recording fees may apply and vary by state

Meet Our Team

Kishor Karki

Kishor Karki

Regional Vice President,
Fairfax County

Kishor has served commercial members since the launch of Commercial Services at Apple in 2009. He is well-versed in lending to various types of businesses and asset classes. He strives to identify the true needs of our business members and can structure the loan to best meet their needs. He has an extensive background in commercial, industrial, construction, office and hospitality lending. He is also experienced in SBA loans.

Paul Flood

Paul Flood

Regional Vice President, Commercial Lending

Paul joined Apple in 2021 after 26 years in the small business and commercial banking lending industry. Paul leapt at the opportunity to bring the benefits of Apple FCU membership to the world of small business and commercial lending. His specialty is Owner Occupied and Commercial Real Estate Investment Lending. He is passionate about helping his small business members and using his expertise to identify the best option for the individuals.

Richard Luttrell

Richard Luttrell

Commercial Portfolio
Specialist

Richard has more than 37 years’ experience in Commercial Lending and Commercial Deposit services, and has worked in financial institutions for more than 41 years. He has proudly been part of the Apple FCU team for 5 years. Richard enjoys helping his members achieve their business goals and objectives by building a thriving long-term relationship. He works to get to know his members and their respective businesses to identify their specific needs.

Frequently Asked Questions

We require at least 20% of the purchase price to be utilized towards the down payment. However, there is the SBA 504 program which requires as little as 10% down, please call for more details.

The first thing you need to do is identify a property you would like to purchase. At a minimum, determine the approximate amount of financing you will need to acquire the property. The next thing is to gather all the requested financial documents that the lender requested. Finally, sit down with one of our Commercial Lending officers to discuss the project in detail and they can walk you through various financing options.

As a rule, we would like to see at least three years of both personal and business financial documentation. In addition, a personal financial statement from each owner. Please keep in mind, that your banker would rather have more information, than less, to make an informed decision.

The loan term for a commercial property is typically 5, 7 or 10 years. The amortization period is usually 20 or 25 years. On a case-by-case basis, 30-year amortizations may be considered.

We can finance deals anywhere from as little as $50,0000 to as much as $10 million and possibly more. If your project exceeds $10 million, please speak with a Loan Officer to discuss details.

From the time of application and receipt of all financial documentation, a decision is usually rendered in as little as 5 to 7 days.