SMALL BUSINESS ADMINISTRATION (SBA) LOANS
Government Backed Loans
Central Willamette Credit Union works in partnership with the U.S. Small Business Administration (SBA) to provide funding for startups and growing businesses. We’re ready to help you get the right loan, including government-guaranteed options.
SBA 7(a) Loans
Help small businesses grow by offering longer, more flexible terms and lower-equity contributions. Increase your cash flow you can use to achieve your goals. Provides short and long-term working capital, to purchase equipment, construction, or renovation projects.
SBA 7(a) Large Loans:
• Maximum Amount - $5 million
• Fixed or variable rates
• Terms up to 25 years for Real Estate or 10 years for other fixed assets and working capital.
• Guarantee up to 75%
SBA 7(a) Small Loans:
• Maximum amount $500,000
• Fixed or variable rates
• Guarantee up to 85%
• Terms up to 25 years for Real Estate or 10 years for other fixed assets and working capital.
• $50k and under may not require collateral.
SBA 504 Loans
Designed to help growing businesses add fixed assets to their portfolio including real estate, or equipment. With an approved SBA 504 loan, you can receive long-term fixed-rate financing to acquire fixed assets for expansion or modernization.
SBA 504 Loan:
• Maximum Amount $5,500,000
• Terms up to 25 years
**Can not be used for:
- Working Capital
- Inventory
- Consolidating, repaying, or refinancing debt
- Speculation or investment in rental real estate
- Financing AI-related working capital, intellectual property, or consulting services soft costs