A healthy approach to business lending

Business Lending

NIH Federal Credit Union provides a variety of business loans to biomedical, healthcare and other businesses in Maryland, North Carolina, Virginia, Washington DC, and West Virginia. Our business loans can be used by members to:

Purchase or refinance real estate
Help manage cash flow
Grow or start your business
Purchase equipment

At the NIHFCU, unlike many other Business Lenders, we do not require our borrowers to bring us their deposits and other business banking relationships to secure the rates and terms below.

Not sure what’s right for your business? Explore our programs below then request your complimentary, no-obligation consultation with a business lending specialist or call us today at 301-296-2534.

Commercial Real Estate Loans

NIHFCU Commercial Real Estate Loans will help you purchase or refinance owner-occupied or investment property with exceptional benefits, including:

Rates as low as 4.25%¹
Terms up to 15 years
Loans up to $4,000,000
Amortization up to 30 years
No prepayment penalties

Are you in the healthcare or bio-medical field? Then, you can benefit from NIHFCU’s MORE Program (Medical Office Real Estate). This program is designed to help healthcare professionals purchase or refinance a medical office building or office condo.

Have questions? Need Advice? Speak to one of our business lending specialist or request a complimentary, no-obligation consultation today.

Speak to a specialist

1-301-296-2534

CONSULTATION

For Small Business, NIHFCU is the only place to go

I can’t say enough great things about my experiences with NIHFCU. I have had three separate loans with the credit union and have been pleased with how professional and helpful each person has been. I would not go anywhere else, nor would I recommend others to go anywhere else for their small business needs.

Michael G., DDS

Lansdowne, VA

Equipment Loans

NIHFCU’s equipment loans can assist with a purchase or refinance of, new or existing business equipment. Equipment loans offer:

Loan amounts to $750,000
Terms up to 12 years
Fully amortized loans
No prepayment penalty

Need Advice? Ready to Apply? Speak to a lending specialist or request a complimentary, no-obligation consultation today.

Speak to a specialist

1-301-296-2534

CONSULTATION

Small Business Administration (SBA) Loans

SBA loans can be used to start a new business, as well as purchase or refinance owner-occupied real estate and business equipment, and much more. An NIHFCU SBA loan offers:

Loan amounts to $5,000,000
Terms up to 25 years
Fully amortized loans
Low down payment requirements
No prepayment penalties on loan terms up to 15 years
Line of credit option available

Need Advice? Ready to Apply? Speak to a lending specialist or request a complimentary, no-obligation consultation today.

Speak to a specialist

1-301-296-2534

CONSULTATION

Love dealing with NIHFCU!

I love working with NIHFCU for all my loan/business needs. I enjoy getting to know colleagues connected with the credit union as well. NIHFCU does a great job connecting their members.

TG HSRL

Mount Jackson, VA

Working Capital Lines of Credit

Access funds to help with cash-flow management, covering payroll and the purchasing of supplies or equipment for your business. At NIHFCU our business lines of credit offer:

Loan amounts to $250,000
Fixed and Variable Rate options
No prepayment penalty
No annual repayment requirement

Need Advice? Ready to Apply? Speak to a lending specialist or request a complimentary, no-obligation consultation today.

Speak to a specialist

1-301-296-2534

CONSULTATION

VISA® Business Rewards Credit Card

Designed for the self-employed or owners of small businesses or medical practices, NIHFCU’s no annual fee³ Visa Business Credit Card³ offers:

0% intro APR for 12 months on purchases and balance transfers,³ then pay a variable APR of 12.74%-17.74% depending on credit worthiness⁴
Earn 1 point for every $1 spent on net purchases
Double rewards for every net $1 business category purchase including medical equipment and supplies²
Redeem points for cash, travel, gift cards, merchandise or donate to the NIH Charities
Low foreign transaction fee
Auto Rental Collision Damage Waiver
Advanced security features including Visa Zero Liability, 24/7 fraud monitoring and card alerts

Important Information
Pricing and Terms
Business Credit Card Agreement
Rewards Terms
Guide to Benefits

Need Advice? Ready to Apply? Speak to a lending specialist or request a complimentary, no-obligation consultation today.

Speak to a specialist

1-301-296-2534

Apply Now

Financial wellness begins and ends with the facts. Here’s what you need to know!

¹ Rates and terms as of 12/21/18 subject to change at any time.

² You will earn two points for every net dollar spent when you use your NIHFCU Visa Business Rewards card to pay for medical equipment-related purchases made at merchants classified by Visa’s “Merchant Category Code” (“MCC”) as “Medical, Dental, Ophthalmic, Hospital Equipment, Supplies”, which may include: medical, dental, ophthalmic, hospital equipment and Supplies. Even though some merchants may sell medical equipment and supplies, purchases made at these locations may not necessarily qualify for the two NIHFCU Visa Business Rewards points per dollar if the merchant is not classified with a “Medical, Dental, Ophthalmic, Hospital Equipment, Supplies” MCC. Also, merchants that are not classified by a “Medical, Dental, Ophthalmic, Hospital Equipment, Supplies” MCC may be located on the premises of merchants that are classified with a “Medical, Dental, Ophthalmic, Hospital Equipment, Supplies” MCC, and purchases made at these locations may not qualify for this added benefit. Offer subject to change or cancellation at any time.

³ APR=Annual Percentage Rate. Variable APRs between 12.99%-17.99% depending on creditworthiness.

⁴ See Pricing and Terms for complete credit card disclosures. All new applications are subject to terms, conditions and credit approval. A balance transfer fee equating to the greater of 2% or $10 applies. All information as of August 1, 2019 and subject to change. See Important Documents – Rewards Terms and Conditions for complete rewards terms.