The Atlantic Federal Credit Union is proud to help our neighboring businesses with access to financing to support their growth and operations.
Depending on your business needs, we offer different types of financing - Express Business Loans for certain types of financing and traditional commercial financing to meet other needs. Details for each program are below.
Express Business Loans
For business loans meeting the criteria below, we make it easy to submit your application online for quick document transferring, decisioning and funding through our Express Business Loan portal:
Apply for an Express Business Loan Online
| Business Vehicle | Term Loans | Lines of Credit | Residential CRE | |
|---|---|---|---|---|
| Maximum Loan Amount | $150,000 | $150,000 | $50,000 | $399,999 |
| Collateral | Vehicle | Equipment | All assets & unsecured | Residential investment properties |
| Maximum LTV | 100% | 75% | 80% | 80% for purchases and refinancing/75% for cash-out refinances |
| Financial Statements Required | 1 year tax returns | 1 year tax returns | 1 year tax returns | 1 year tax returns |
| Borrower Entity Structure | 1 borrower, 2 guarantors max | 1 borrower, 2 guarantors max | 1 borrower, 2 guarantors max | 1 borrower, 2 guarantors max |
| Time in Business | 2 years | 2 years | 2 years | 2 years |
Traditional Commercial Financing
Interested in a commercial real estate loan or financing above the Express Business Loans limits? We're here to help. Access an application and speak with a Business Loan Specialist by calling 908-245-1750 ext. 7531 or emailing BusinessAccounts@atlfedcu.com.