SBA Loans

Affordable financing gives small businesses a competitive edge.

  • Term loans and credit lines
  • Competitive rates and longer repayment terms
  • Work directly with WCCU
Term loans and credit lines
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

  • Term loans and credit lines from $200,000 to $5 million
  • Fixed-rate and variable-rate loans at competitive rates
  • Repayment terms range from 10 years (for equipment and working capital) to 25 years (for real estate)
  • 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

SBA 504 Program

  • Loans ranging from $125,000 to $5 million
  • Low, fixed interest rates on SBA portion of loan
  • Repayment terms ranging from 10 to 20 years
  • Low down payments of 10% to 20%
  • Purchase existing building 
  • Land acquisition and ground-up construction   
  • Expansion of existing building 
  • Finance building improvements 
  • Purchase equipment
Express Loan Program
  • Maximum loan amount of $350,000
  • Term loans and credit lines available
  • Decisions on loan applications made within 36 hours
  • If approved, funds available within 90 days
  • Repayment terms of up to 7 years (for credit lines); 10 years (for inventory, working capital and equipment); 25 years (for real estate)
  • Patriot Express program available to active duty military personnel and veterans
  • 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
Export Express
  • Maximum loan amount of $500,000
  • Decisions on loan applications made within 36 hours
  • Term loans and credit lines available
  • Repayment terms of up to 7 years (for credit lines); 10 years (for working capital); 25 years (for real estate)
  • Finance specific export orders
  • Pay for participation in a foreign trade show
  • Finance standby letters of credit
  • Translate product literature for use in foreign markets
  • Finance expansions, equipment purchases, and inventory or real estate acquisitions
Contact our expert to get the funding you need:
Barry W. Dunn

Small Business Lending Officer

Email: bdunn@westerlyccu.com (Please note email is not secure)

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

Business Savings Account
Set aside funds in a simple savings account with WCCU.

Business Checking Accounts

Choose an account that fits the way you do business.