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SBA Loans

Enjoy lower down payments, longer terms and easier qualification.

Contact Us More Options
  • 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
Business Express Loans SBA Loans Business Loans & Lines Commercial Real Estate Loans Business Credit Cards

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
Cell: 401.363.2440
Email: [email protected] (Please note email is not secure)
Business Savings Account
Set aside funds in a simple savings account with WCCU.
Get Started
 

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        Westerly Community Credit Union offers valuable banking solutions including checking accounts, savings accounts, mortgages, home equity loans, car loans, credit cards, personal loans and more. Bank online or visit one of our conveniently located branches in Westerly, Richmond, Wakefield, and Coventry, Rhode Island.

        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

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