ROCKVILLE, Md. – The National Institutes of Health FCU announced the launch of a new member business loan program for qualified professionals in Maryland, the District of Columbia, Virginia and West Virginia.
NIH FCU has established a new member business loan program including U.S. Small Business Administration (SBA) loans as an approved SBA lender. Any qualified professional in the healthcare and biomedical industries may apply with NIHFCU for a secured or unsecured loan to meet their long- and short-term business borrowing needs. The credit union said the program is particularly beneficial for the area’s biotech firms looking to invest in their organizations as well as physicians, dentists and other current or aspiring small business owners in the healthcare or biomedical industries who want to start or expand their practices.
NIHFCU’s new menu of member business loan options include business lines of credit up to $100,000, business term loans, business real estate secured loans, SBA loans and a Business Visa Card with no annual fee and credit lines of $25,000 or more upon approval.
