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.


LEARN MORE AT SBA.GOV SUBMIT AN INQUIRY

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


LEARN MORE AT SBA.GOV SUBMIT AN INQUIRY

Business Services Team

    • Headshot of Derek Stith

      Derek Stith

      (541) 918-7572

      [email protected]

      Derek is an experienced Commercial Loan Officer with 18 years of experience in lending and a degree from Oregon State University.  He has a proven track record of helping businesses secure financing to achieve their goals. When not at work, he enjoys kayaking, surfing, skiing, and spending time with his family. Contact Derek today to learn more about how he can help you take your business to the next level.

    • Headshot of Sherrie Payne

      Sherrie Payne

      (541) 497-8100

      [email protected]

      Sherrie is a seasoned Business Relationship Manager with 25 years of experience in banking. Her commitment to exceptional member service has earned her the trust and loyalty of her clients. Outside of work, Sherrie enjoys gardening, painting, and volunteering. Contact her today to learn more about how she can help you grow your business and achieve financial success.

Reach Out Today To Discuss Your SBA Loan Options