OnPoint Community Credit Union
OnPoint Community Credit Union is an active SBA lender in Oregon, a credit union offering SBA-guaranteed small-business loans. Currently rated 3.6 stars across 95 Google reviews.
About OnPoint Community Credit Union
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.
Common questions about OnPoint Community Credit Union
What is this place and what can I find here?
This is a community-focused credit union offering SBA loan programs, banking services, and financial support tailored for small businesses and local entrepreneurs.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.
What are the hours of operation?
OnPoint Community Credit Union's Lloyd Center branch operates Monday through Thursday 9:00 a.m. to 5:30 p.m., Friday 9:00 a.m. to 6:00 p.m., and Saturday 9:00 a.m. to 1:00 p.m. Please confirm with OnPoint for any holiday closures.
Is there a fee to use this?
There are no fees to access basic banking services, but loan applications and processing may involve standard fees.
Who is this open to — anyone, or only residents/members?
Membership is open to residents of the Portland area and certain community groups, with eligibility requirements for banking and loan services.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of 650 is generally preferred for loan approval, though other factors are also considered.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes 2 to 4 weeks, depending on the complexity of the loan and completeness of documentation.
Is this open on weekends?
OnPoint Community Credit Union's Lloyd Center branch is open Saturday mornings from 9:00 a.m. to 1:00 p.m., but closed on Sundays. Confirm with the branch for weekend SBA lending staff availability.
How do I get there and where do I park?
OnPoint Community Credit Union is located in Oregon — see the contact card for the full address. Most credit union locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for OnPoint Community Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by OnPoint Community Credit Union itself, which runs its own lending under its own ownership. If you work at OnPoint Community Credit Union, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for OnPoint Community Credit Union — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with OnPoint Community Credit Union before applying. If you represent OnPoint Community Credit Union, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach OnPoint Community Credit Union by phone at (503) 228-7077 or online at onpointcu.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with OnPoint Community Credit Union before relying on them.
What core industries does this lender traditionally choose to finance?
Like most SBA lenders, OnPoint Community Credit Union can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each credit union sets its own industry preferences and may avoid sectors it considers higher risk. Ask OnPoint Community Credit Union directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this lender?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether OnPoint Community Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact OnPoint Community Credit Union and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this lender have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established credit unions hold PLP status, but it varies by institution. OnPoint Community Credit Union can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this lender?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. OnPoint Community Credit Union's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask OnPoint Community Credit Union directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask OnPoint Community Credit Union what down payment it expects for your specific commercial real estate purchase.
Does this lender impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask OnPoint Community Credit Union to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this lender to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with OnPoint Community Credit Union to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. OnPoint Community Credit Union weighs this case by case under its own policy, so be upfront about your history and ask OnPoint Community Credit Union how it evaluates prior bankruptcies.
