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FRAUD AWARENESS REMINDER

Chartway will NEVER contact you directly and ask for specific confidential information (login credentials, PIN, card number, etc.). Be aware of fraudulent text and phone scams and take extra precaution. If you are contacted unprompted, please call us at (800) 678-8765. We are here to help keep your accounts safe.

Business Auto Loan

Pave the Road Ahead

Our Business Use Auto Loans are for cars and trucks manufactured for household use and driven for business activities – transporting goods, shuttling passengers, attending client meetings – and not for commercial vehicles like cargo vans, box trucks, or other vehicles manufactured or upfitted for commercial use. Let us pave the road ahead with our competitive terms and rates. 

With a Chartway Business Auto Loan, you can benefit from:

Loans up to $150,000

Flexible terms (from 12 to 84 months)

Low or no down payments (with credit approval)

Low Origination Fee

Table data for Business Auto Loan Rates
 Effective 03-02-2024
Standard Terms Rate - As Low As Alert Me
Fixed for 5 years 7.75%

Frequently Asked Questions

How can I qualify for a Chartway Business Loan?

You will need to have:

  • 1 year tax returns
  • Liquidity to Total Debt = 7%
  • Combined Net Worth (borrower plus guarantor) at least 3x the loan amount for term loans and lines of credit, 2x for vehicles and Residential Commercial Real Estate.
  • Businesses must have a Chartway account with Prime Share and be located within Chartway’s markets (Virginia, Utah, Northern Arizona, Southern Nevada, North Carolina, Houston Texas area)
  • Business documentation and identification required from borrower and guarantors

How can I reach out for more questions?

  • If you have questions regarding our Business Loans, please give us a call at (877) 609-8533.

Is there a Loan Origination Fee?

  • A loan origination fee will apply to each small business loan. This fee is permitted to be deducted from the loan proceeds.

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