Sharon & Crescent United CU
Sharon & Crescent United CU is an active SBA lender in the United States, a credit union offering SBA-guaranteed small-business loans. Currently rated 4.2 stars across 39 Google reviews.
$6M
in SBA approvals since 2010
39
SBA loans funded
Restaurants & Food Service · Construction & Contractors · Automotive Repair & Services
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Sharon & Crescent United CU
Offering comprehensive SBA loan services, this financial institution specializes in supporting small businesses with tailored financing options. Whether you're seeking working capital, equipment loans, or real estate financing, they provide flexible solutions to meet diverse business needs. Their experienced team guides clients through the application process, ensuring clarity and efficiency. With a focus on community development, they serve local entrepreneurs and business owners, fostering growth and stability. The bank's SBA program history includes a strong track record with the 7A loan program, making them a reliable partner for business expansion. They also support other SBA offerings, providing a broad spectrum of financial products. Their commitment to personalized service and competitive rates makes them a valuable resource for small business funding in the Sharon area.
Common questions about Sharon & Crescent United CU
What is this place and what can I find here?
This is a bank that specializes in SBA loans and small business financing, offering tailored solutions to help entrepreneurs grow their businesses.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment for personalized service, but walk-ins are also welcome during business hours.
What are the hours of operation?
Sharon & Crescent United CU's Sharon Branch is open Monday-Wednesday and Friday 9:00am–4:00pm, Thursday 9:00am–5:30pm, and Saturday 9:00am–12:30pm (lobby hours; drive-thru open until 4:30pm/6:00pm/1:00pm respectively). Confirm current hours with the branch.
Is there a fee to use this?
There are no fees for basic inquiries; however, loan processing and application fees may apply depending on the service.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners in the Sharon area, but inquiries from others are welcome.
What minimum personal credit score does this lender look for in a guarantor?
A minimum credit score of 620 is generally preferred for guarantors applying for SBA loans.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the loan and completeness of documentation.
Is this open on weekends?
Yes, the Sharon Branch is open Saturday 9:00am–12:30pm (lobby) and 8:30am–1:00pm (drive-thru), but closed Sundays. Confirm current weekend availability with the lender.
How do I get there and where do I park?
The branch is located at 42 Pond Street, Sharon, MA 02067 with easy access and plenty of parking available. For specific directions, contact the branch at 877-661-3300.
Who owns or operates this listing?
This page is an independent directory listing for Sharon & Crescent United CU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Sharon & Crescent United CU itself, which runs its own lending under its own ownership. If you work at Sharon & Crescent United CU, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Sharon & Crescent United CU — 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 Sharon & Crescent United CU before applying. If you represent Sharon & Crescent United CU, claim this listing to keep its information up to date.
How do I contact this listing directly?
Call (877) 661-3300 or use the branch contact form at scucu.com/branch-contact-form.html. For business lending, contact Richard Hooke, VP Commercial Business Development.
What core industries does this lender traditionally choose to finance?
Like most SBA lenders, Sharon & Crescent United CU 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 Sharon & Crescent United CU 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 Sharon & Crescent United CU participates in SBA Express depends on its specific SBA lending authority. Contact Sharon & Crescent United CU 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. Sharon & Crescent United CU 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. Sharon & Crescent United CU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Sharon & Crescent United CU 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 Sharon & Crescent United CU 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 Sharon & Crescent United CU 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 Sharon & Crescent United CU 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. Sharon & Crescent United CU weighs this case by case under its own policy, so be upfront about your history and ask Sharon & Crescent United CU how it evaluates prior bankruptcies.