LAFCU has partnered with CUNA Mutual and Newtek Business Services, the Small Business Authority, to assist entrepreneurs in establishing or building their small businesses across the nation. This free service enables you to apply anytime day or night for a small business loan. Funds can be used for any business-related purpose, including expanding a business, advertising, building inventory or paying expenses.
We offer loans from $50,000 to $10 million with:
- 7 to 25 year amortization schedule
- 48-hour prequalification turnaround
- Simple telephone interview
- Application documents completed for you
Easy Steps to get a business loan:
- Provide Newtek with some basic contact information.
- Within two business days, a Newtek Financial Consultant will contact you to help you with the loan application.
- The consultant will walk you through the loan application process, and attempt to pre-qualify you. If you are pre-qualified, the consultant will gather remaining information from you for submission of the business loan application.
- Newtek reviews your loan application and informs you of the decision.
- If the loan is approved, the closing process begins. The consultant will guide you through the process.
- You choose the time, date, and location to close your loan.
- The loan is funded.
- Newtek services the loan.
Apply for a business loan. For personal assistance with your online application, call Newtek at (855) 284-3722 Monday to Friday, between 6am to 4pm Pacific Time.
Have questions? Ready to get started? Call now and a loan specialist will answer your questions and help you identify which product is best suited for your business needs.