Business Lending

• 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

Requirements

• 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.
• Business Debt Schedule click here

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. 

Requirements

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).  

Requirements

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.)

Requirements

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.

Requirements

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.

Requirements

For you, just a pen – and ideally, an understanding in advance of the documents you’ll sign.