When you’re growing a business, sometimes you need a boost to reach that next stage of development. Finding the right loan at the right time can make all the difference.
At OCCU, we’re invested in helping our local businesses grow and thrive. We’ve seen firsthand how a single business loan can spur big changes, with impacts that ripple out to the rest of the community. For us, business lending is more than a transaction — it’s a lasting connection that can support your success and help you deepen your local roots.
That’s why we’ve added two financial tools to help our business members reach their growth goals: Commercial Real Estate and SBA loans.
Commercial Real Estate loans
Are your current digs too tight? Looking to open new locations in a neighboring town? Is it time to give your home-based hustle a storefront? A commercial real estate loan is similar to a mortgage, but it can be used to finance or renovate a commercial property such as a storefront, office building or restaurant.
Our commercial real estate team can help make the process easier (and more affordable) with competitive rates, low fees and loans tailored to meet the needs of your business. And because we value your time, we work hard to keep timelines efficient throughout the lending process.
Want to turn your small business into a medium-size one? The Small Business Administration (SBA) works with lenders across the nation to provide loans to small businesses. As your local SBA certified lender, OCCU can help you buy new real estate, refinance your current property, purchase equipment or buy up another business. We offer swift commitments and closings driven by local decision-makers and administered by your trusted financial partner.
Our SBA loan options include:
- SBA 7(a) loans—Borrow $300,000 to $5,000,000 at competitive rates. The full amount can be amortized up to 25 years with no balloon payments.
- SBA 504 loans—Total project costs up to $12,500,000 with as little as 10% down. Fixed rates are available and you can amortize the first trust deed up to 25 years.
Whatever you need to take your business to the next level, OCCU has you covered. In addition to our Commercial Real Estate and SBA loans, we also offer business loans and lines of credit —including business vehicle loans.
Having the right team, products and services to support you can help your business thrive. Want to learn more about how we’re here to help your business grow? Get in touch with our Member Business Services team today to discover more.