University of Virginia Community Credit Union Inc
University of Virginia Community Credit Union Inc is an active SBA lender in Virginia, a credit union offering SBA-guaranteed small-business loans. Currently rated 3.9 stars across 23 Google reviews.
$9M
in SBA approvals since 2010
90
SBA loans funded
Medical Practices & Clinics · Construction & Contractors · General Retail
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About University of Virginia Community Credit Union Inc
Offering comprehensive commercial banking services, this institution specializes in SBA loan programs to support small businesses across various industries. With a focus on facilitating growth and expansion, it provides tailored financing options including SBA 7(a) loans, which are ideal for working capital, equipment, and real estate purchases. The bank's experienced team guides clients through the application process, ensuring clarity and efficiency. Its commitment to small business success is reflected in its flexible lending criteria and dedicated support staff. Located in Charlottesville, VA, the bank serves local entrepreneurs and regional businesses, helping them access capital with competitive terms and personalized service. Whether you're starting a new venture or expanding an existing one, this lender offers the resources needed to achieve your business goals. Their SBA programs are designed to be accessible, with streamlined approval processes and expert advice to navigate complex financing options. The institution also supports microloans and other SBA initiatives, making it a versatile partner for small business owners at various stages of growth. Overall, this bank is committed to fostering economic development in its community by providing reliable, accessible financing solutions tailored to small business needs.
Industries University of Virginia Community Credit Union Inc finances
Business types University of Virginia Community Credit Union Inc actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about University of Virginia Community Credit Union Inc
What is this place and what can I find here?
This is a commercial bank that offers SBA loan programs and small business financing solutions to support entrepreneurs and regional businesses. You can find assistance with SBA 7(a) loans, microloans, and other tailored financial products designed to help your business grow.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours. Calling ahead can help you prepare for a smooth and efficient visit.
What are the hours of operation?
The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays or special occasions, so it's best to contact the branch directly for confirmation.
Is there a fee to use this?
There are no fees for simply visiting or consulting with the bank, but loan applications and services may involve certain fees or interest charges depending on the product.
Who is this open to — anyone, or only residents/members?
This institution primarily serves small business owners and entrepreneurs in the region, but membership or residency is not typically required for business loans or services.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of 620 is generally preferred, though other factors may also be considered during the underwriting process.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the loan and completeness of the application.
Is this open on weekends?
Most credit unions keep weekday business hours and are closed on weekends, and University of Virginia Community Credit Union Inc typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call University of Virginia Community Credit Union Inc to confirm current weekend availability before you go.
How do I get there and where do I park?
University of Virginia Community Credit Union Inc is located in Virginia — 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 University of Virginia Community Credit Union Inc, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by University of Virginia Community Credit Union Inc itself, which runs its own lending under its own ownership. If you work at University of Virginia Community Credit Union Inc, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for University of Virginia Community Credit Union Inc — 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 University of Virginia Community Credit Union Inc before applying. If you represent University of Virginia Community Credit Union Inc, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach University of Virginia Community Credit Union Inc by phone at (888) 887-9136 or online at uvacreditunion.org — 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 University of Virginia Community Credit Union Inc before relying on them.
What core industries does this lender traditionally choose to finance?
Based on its approved SBA loans, University of Virginia Community Credit Union Inc most often finances businesses in construction & contractors, transportation & trucking, and manufacturing. This reflects University of Virginia Community Credit Union Inc's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with University of Virginia Community Credit Union Inc which sectors 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 University of Virginia Community Credit Union Inc participates in SBA Express depends on its specific SBA lending authority. Contact University of Virginia Community Credit Union Inc 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. University of Virginia Community Credit Union Inc 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. University of Virginia Community Credit Union Inc's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask University of Virginia Community Credit Union Inc 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 University of Virginia Community Credit Union Inc 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 University of Virginia Community Credit Union Inc 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 University of Virginia Community Credit Union Inc 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. University of Virginia Community Credit Union Inc weighs this case by case under its own policy, so be upfront about your history and ask University of Virginia Community Credit Union Inc how it evaluates prior bankruptcies.
