Nu Direction Business Lending
American Spirit FCU has partnered with Nu Direction Lending to offer commercial business loans. If you’re a small or medium business in need of lending services, please review our loan program terms and visit our website to submit your application!
Loan Program Qualifications
Non-real estate loans of $25,000 to $250,000 available in all states except: VT, NV, SD, ND require Personal Guaranty, UCC-1 filing on all business assets and Membership with American Spirit FCU.
Rates: 6.99% -18%
Loan Term: 1-4 years, monthly payments
Fees: 1-6% origination fee
Amortization: Fully Amortized
FICO: 650+
Creditworthy Businesses & Business Owners
Time in business > 24 months
- Last 12 months revenue > $150,000
- No bankruptcy in past 5 years
- No unpaid judgment or lien in past 5 years
- No collections, charge-off or 90+ trade in last 24 months
- No current delinquencies