SBA Loans

Affordable financing gives small businesses a competitive edge.

  • Lower Down Payments
  • Competitive rates and longer repayment terms
  • Work directly with WCCU
Lower Down Payments
Competitive rates and longer repayment terms
Work directly with WCCU

Money to put your plans in motion

'Small' is not the first word you'd use to describe your business. Competitive. Dynamic. Forward-looking. Growth-oriented. That's more like it. The good news is that the federal government has an attractive loan program for businesses - like yours - that are thinking big. As a participating Small Business Administration (SBA) lender, our local lending team can guide you to the SBA program that best fits your needs.


SBA 7A Program - SBA's primary business loan program for providing financial assistance to small businesses.

  • Term loans and credit lines up to $5 million
  • Fixed-rate and variable-rate loans at competitive rates
  • Repayment terms up to 5 years
SBA 504 Program - Long-term, fixed rate financing of up to $5.5 million for major fixed assets.
  • Term loans and credit lines up to $5.5 million
  • Fixed-rate and variable-rate loans at competitive rates
  • Repayment terms range from 10 years to 25 years
  • Working capital
  • Furniture and fixture purchases
  • Machinery and equipment purchases
  • Purchase of land or buildings, new construction, expansion or conversion of existing facilities
  • Business acquisition
  • Refinancing of existing debt
  • Purchase existing building or land
  • Land acquisition and ground-up construction   
  • Expansion of existing building 
  • Finance building or land improvements 
  • Purchase equipment
  • Repaying or refinancing debt 

Contact one of our experts to get the funding you need:

Kathryn Tracey

Commercial Relationship Officer
Office: 401.637.4436
Email: [email protected] (Please note email is not secure)

Shannon Melchione

Commercial Relationship Officer
Office: 401.792.4973
Email: [email protected] (Please note email is not secure)
Business Savings Account
Set aside funds in a simple savings account with WCCU.
 

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        Westerly Community Credit Union is a full-service credit union with Rhode Island branches in Westerly, RichmondWakefield, and Coventry.

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