The road to a successful business starts with having reliable transportation, and we want to help you drive your business forward with a Chartway Auto Loan.
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:
| Standard Terms | Rate - As Low As |
|---|---|
| Fixed for 5 years | 7.75% |
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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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