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Whether you're starting out small or thinking big, the lending resources you need for your business are right here at Apple FCU.
Looking for a small business loan that is $150,000 or less? Try Rapid Request to process your loan even faster!
Does your business have the right loan to grow? Whether it's funding equipment, machinery or facility upgrades, our Term Loans offer great rates, low fees and flexible terms.
Get cash for your business when and where you need it. For the ongoing working capital or immediate cash needs of your business, Apple FCU's Commercial Line of Credit offers a convenient and efficient way to meet your day-to-day cash flow needs.
Does your business need more space? Whether you're 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.
If you still have questions, view some frequently asked questions below.
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, SUVs, heavy-duty or "special-use" vehicles, trucks and vans.
If you still have questions, view some frequently asked questions below.
Get back to business with the worldwide spending power of an Apple FCU Visa® Business Rewards Card. Manage expenses and cash flow with time-saving tools and fraud-fighting features, all while earning points redeemable for cash, gift cards and more!
If you still have questions, view some frequently asked questions below.
Access funds to help grow your business to new heights with our Equity Line of Credit. Use equity from your primary residence to secure capital to renovate or expand an existing location, purchase large equipment or inventory, make significant IT upgrades and more.
If you still have questions, view some frequently asked questions below.
The first step is identifying a property you would like to purchase. At a minimum, determine the approximate amount of financing you will need to acquire the property. Next, you must gather all the financial documents that the lender requires. 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, you should provide at least three years of both personal and business financial documentation. This includes 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 five, seven 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 $50,000 to as much as $10 million and possibly more. If your project exceeds $10 million, please speak with a Commercial Lending Officer to discuss details.
From the time of application and receipt of all financial documentation, a decision is usually rendered in as little as five to seven days. Please call for more details
Business credit cards are a helpful tool to track spending, earn rewards and even save money. Once a business is approved for an Apple FCU Visa Business Rewards card, it will be given access to a revolving line of credit with a set credit limit, a competitive interest rate and no annual fee. The business can utilize the credit card to pay bills, make purchases and track expenses monthly. There is also the opportunity to earn rewards with every purchase through Visa's MyRewards program.
Applying for an Apple FCU Visa Business Rewards Card is quick and easy. Simply contact a Commercial Services Expert at 703-788-4800 to get started.
With an Apple FCU Visa Business Rewards Card, you will have access to benefits like:
Credit limits are set to meet the needs of each individual business. They may be as high as $50,000 or as low as $2,500.
No, we don't charge an annual fee for the Apple FCU Visa Business Rewards card.
No, we make it easy to manage your card through Online Banking and the Apple FCU Mobile App. You may view transactions, pay your bill or monitor your account.
You may access your Visa MyRewards directly through Online Banking. Simply log in, click Accounts and go to the View Card Rewards menu to view your accumulated rewards.
To review your credit limit needs, please contact a Commercial Services Expert at 703-788-4800.
Credit limits will be reviewed on an as-needed basis. At a minimum, we review credit limits once per year.
We finance a variety of vehicles, including but not limited to cars, light-duty trucks, SUVs, heavy-duty or "special-duty" vehicles, trucks or vans. Some larger trucks and heavy equipment may require an equipment loan instead.
Absolutely! For refinances, we need applicants to include a current loan statement and a copy of the registration.
Yes. The following vehicles are not eligible for financing:
You’ll need to submit an inquiry to our Commercial Services team. A member of our team will then prompt you to complete our application and submit all necessary paperwork, including details about your business and financials as well as the invoice.
At Apple FCU, we allow businesses to tap into the equity of their primary residence to help with their business financing needs.
A Business Equity Line of Credit works similarly to other lines of credit; rather than taking a large lump sum at closing, businesses are approved for a maximum amount they can draw upon at any time. This allows borrowers the freedom to pay back on their terms.
A Business Equity Line of Credit is secured by your primary residence. It allows you to take out some funds now and some later. You control when you need access to the funds.
Each month, you are only required to pay the interest on the borrowed amount.
To qualify for an Equity Line of Credit, a business owner must have sufficient equity in their primary residence.
Apple FCU will order a property evaluation to determine its current market value. The amount of credit available is usually based on a percentage of the property’s appraised value minus any existing mortgages or liens.
Apple will lend between 70-80% of the value of your home. To gain approval, businesses must also demonstrate time in business, stable historical cash flow, adequate income, and a good credit score.
We make it extremely easy to access your approved funds. Call or email our customer service team to request an advance. Simply tell us how much you need and when you need it, and we will deposit funds directly into your member account.
Equity Lines of Credit have a variable interest rate and a fixed margin tied to the prime rate. The fixed margin will never change. You will only be charged interest on the amount borrowed, not the entire credit line.
Currently, only borrowers’ primary residences are eligible forms of collateral. This may change to include other assets later, but for now, only primary residences. The borrower’s primary residence must be in one of the following states: VA, MD, DC, WV, PA and DE.
A business line of credit is a revolving financing option that gives your business access to funds up to an approved limit. You can draw what you need, repay it, and reuse the available credit again during the line’s availability period.
The quick access to the money provides instant short-term working capital. This can include borrowing funds for accounts receivable, payroll needs, seasonal inventory, or managing any on-going cash flow.
Yes, absolutely. Common requirements may include strong credit (e.g., 680+), at least 2 years in business, and membership eligibility.
Think of it as a business-purpose “financial cushion”. Once approved for a limit, you can borrow and repay up to the maximum available. Interest is typically charged only on the amount you draw (not the full approved limit).
The terms will vary. The payments are usually based on an interest-only terms for the total advanced amount on the line of credit. Borrowers will pay down a line of credit’s outstanding balance at anything through the online banking portal.
Having a line of credit helps manage cash flow variability. The main advantage is accessibility to cash when needed and keeping the line for future needs.
Lines usually require collateral (business assets, receivables, inventory, real estate, or in some structures the owner’s home).
Choosing between a business line of credit vs. loan, you should assess your individual business needs, financial goals, and risk tolerance. Let one of our Commercial Loan Experts guide you in researching all options.
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 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 joined Apple FCU's' Commercial Services team in 2025.
A lifelong Northern Virginian with deep community roots, Richard has built his career helping local investors, developers, and business owners bring their visions to life—whether it’s financing an owner-occupied building, structuring an investment property purchase, or supporting a business expansion. Over the last decade, he has served in senior lending roles in both the credit union and community banking spaces. His work has spanned across all asset classes of commercial real estate, commercial construction lending, along with business lending of all types, giving him a broad perspective on how best to help members succeed. With his blend of local market knowledge, commercial real estate expertise, and relationship-driven approach, Richard is ready to help Apple FCU members achieve their investment and business goals.
Eddie's tenure with Apple began in 2018 and he believes that outstanding member service is paramount to a successful banking relationship.
Working with both small and mid-size businesses, he strives to identify the right solutions based on individual needs, such as Working Capital Lines of Credit, credit cards, real estate financing or cash management products. As a member of the Commercial Services team, Eddie is more than a banker – rather a partner in your company's progress.