HAPO Community CU

This is a community-focused financial institution offering SBA loan programs and small business banking services to support local entrepreneurs and business growth.

You can walk in during business hours or schedule an appointment for personalized assistance with your SBA loan application or banking needs.

HAPO Community CU Richland headquarters operates Monday-Friday, 9:00 AM to 5:30 PM in the lobby and 9:00 AM to 6:00 PM at the drive-up window. Contact HAPO at (509) 943-5676 to confirm current hours.

There are no fees for basic inquiries; however, specific loan applications may involve standard processing and service fees as outlined in the loan agreement.

This institution primarily serves members of the community and existing account holders, but non-members can also apply for SBA loans with proper documentation.

A minimum personal credit score of 650 is generally required, though higher scores improve approval chances.

The underwriting process typically takes between 30 to 45 days, depending on the completeness of your application and documentation.

Most credit unions keep weekday business hours and are closed on weekends, and HAPO Community CU 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 HAPO Community CU to confirm current weekend availability before you go.

HAPO Community CU is located in Washington — 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.

This page is an independent directory listing for HAPO Community CU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by HAPO Community CU itself, which runs its own lending under its own ownership. If you work at HAPO Community CU, you can claim this listing from this page to manage it.

The core details for HAPO Community 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 HAPO Community CU before applying. If you represent HAPO Community CU, claim this listing to keep its information up to date.

You can reach HAPO Community CU by phone at (509) 943-5676 or online at hapo.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 HAPO Community CU before relying on them.

Based on its approved SBA loans, HAPO Community CU most often finances businesses in construction & contractors, general retail, medical practices & clinics, restaurants & food service, automotive repair & services, and transportation & trucking. This reflects HAPO Community CU'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 HAPO Community CU which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether HAPO Community CU participates in SBA Express depends on its specific SBA lending authority. Contact HAPO Community CU and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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. HAPO Community CU can confirm its current PLP standing — ask before you apply if speed matters to you.

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. HAPO Community CU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask HAPO Community CU directly whether it considers start-up loans.

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 HAPO Community CU what down payment it expects for your specific commercial real estate purchase.

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 HAPO Community CU to spell out any prepayment penalties before you sign.

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 HAPO Community CU to confirm it qualifies and how to document it.

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. HAPO Community CU weighs this case by case under its own policy, so be upfront about your history and ask HAPO Community CU how it evaluates prior bankruptcies.