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Business Loans & Lines

A wide range of options for a wide range of needs

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  • Local Decisions & People
  • Personalized Service & Approach
  • Quick, Streamlined Approval Process
Local Decisions & People
Personalized Service & Approach
Quick, Streamlined Approval Process
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Reliable financing to help your business grow, adapt, and thrive

Every business has unique financial needs. Whether you’re looking to finance equipment, expand your operations, or manage seasonal cash flow, WCCU offers tailored solutions to keep your business moving forward.


Business Term Loans

When your business needs reliable funding for growth, WCCU Term Loans provide dependable financing for major purchases like equipment, vehicles, or expansion—with the stability of predictable monthly payments.

  • Up to 10-Year Terms
  • Fixed interest rate
  • Predictable repayment schedule
  • Lower interest rates than credit cards
  • Access to large capital


Business Lines of Credit

Get the financial flexibility to manage your everyday needs. A WCCU Business Line of Credit offers quick access to funds for seasonal expenses, cash-flow gaps, or unexpected costs—so you can borrow only what you need, when you need it.

  • Access funds whenever you need them
  • Unsecured and secured options
  • Only pay for what you use
  • Revolving credit offers a continuous source of funding
  • Lower interest rates than credit cards
  • Access to large capital
Business Savings Account
Set aside funds in a simple savings account with WCCU.
Get Started: Business Savings Account

Helpful Business Resources

 

Connect with a Business Lending expert

to discuss your goals and explore the best financing options for your business or complete the Business Contact form below.

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)

FAQs

  • A Business Term Loan provides a lump sum of funds you repay in regular monthly installments over a set period—ideal for one-time purchases like equipment or expansion.
  • A Business Line of Credit offers ongoing access to funds you can draw from as needed, making it perfect for managing cash-flow gaps or seasonal expenses.
Most WCCU business lending decisions are made locally and quickly. Once your application and supporting documents are complete, you can expect to receive funding within 10 business days.
You can use WCCU business financing for a wide range of needs—purchasing equipment, vehicles, or property; covering seasonal cash-flow gaps; or funding expansion projects. Our Business Lending team will help you match the right loan type to your business goals.
Yes! Many businesses use both. A term loan covers larger, one-time investments, while a line of credit provides flexible access to working capital. Together, they help balance long-term growth and short-term cash-flow needs.
You don’t have to be a member to start the application process, but a Business Membership is required to finalize your Business Loan or Line of Credit. Joining is quick and easy—simply visit any WCCU branch to get started.
You can apply by contacting our Business Lending Team directly. We’ll discuss your goals, help you choose the best financing option, and guide you through every step of the process.
  • There is no application fee
  • Closing costs are $399.00
  • Completed application
  • 2 years of the most recent tax returns
  • Personal Financial Statement
  • Additional documentation may be required depending on loan type

Business Contact Form

Complete and Submit the Form below. You should receive a response within 24 business hours.

This is not a secure email - please do not provide account information.
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    • Phone Number is a required field.
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        The experience was incredible.  Barry was amazing.  Barry cares about my business and making sure I have what I need to succeed.  Working with Barry felt like working with family.  I have never had a banking experience like this one.  I am so incredibly grateful.
         
        David T. of Wakefield
        Ask for Shannon if you need business funding, she was excellent! She helped me with a couple of business loans. The process was quick, easy, and cheap. That was just what I was looking for. Scott is also a huge help if you end up talking to him!
         
        Frank A. of Coventry
        From start to finish, Shannon was a pleasure to work with. With competitive rates, a simple process, and quick closing, it was an easy decision to obtain my business loan with Westerly Credit Union. The entire staff at the Coventry branch was supportive, patient, and accommodating, making the process seamless. I look forward to my continued work with them.
         
        Kendra C. of Coventry
        Thank you so much to Shannon & Scott at the Coventry RI branch of WCCU! My husband & I learned about their fantastic rate promotion for money market accounts offered. We love the personal service and enthusiasm of them both. Scott is so knowledgeable about all of the WCCU products, so our account set-ups were a breeze. He navigated me through the phone app set up. You can tell right away that Shannon, in the Business Development Office of WCCU is an expert in her commercial lending department with her depth of experience in the banking industry of over 20 years. We felt very confident opening accounts at Westerly Community Credit Union in Coventry with Scott and Shannon always available to help with questions on site or over the phone. And wow, we really like the new Coventry branch, so convenient off the highway!
        Martha C. of Coventry

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

        Business Checking Accounts

        Choose an account that fits the way you do business.