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OnPoint Community Credit Union

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Description

OnPoint Community Credit Union offers a range of SBA lending options designed to support small businesses in their growth and development. With a focus on serving local entrepreneurs, it provides accessible financing solutions tailored to meet diverse business needs, including working capital, equipment purchases, and expansion projects. The credit union emphasizes personalized service and flexible terms, making it easier for small business owners to secure the funding they need. Their SBA program history includes a strong track record with the 7A loan program, supporting businesses with loans up to $250,000. Located in Portland, OR, they are committed to fostering economic growth within the community and beyond, leveraging their extensive banking expertise to assist clients through every step of the lending process.

Location

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Q&A

Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
95
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused credit union offering SBA loan programs, banking services, and financial support tailored for small businesses and local entrepreneurs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The branch operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic banking services, but loan applications and processing may involve standard fees.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
Membership is open to residents of the Portland area and certain community groups, with eligibility requirements for banking and loan services.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred for loan approval, though other factors are also considered.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 2 to 4 weeks, depending on the complexity of the loan and completeness of documentation.
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