Santa Cruz Community Credit Union

This is a community-focused credit union offering banking services, including SBA loans, to small businesses and residents in Santa Cruz. You can find personalized financial solutions and support for your business growth here.

It is recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.

The credit union is typically open from 9:00 AM to 5:00 PM, Monday through Friday, but hours may vary, so it's best to check ahead.

There may be fees associated with certain banking services or loan applications; specifics depend on the product and terms.

Membership is generally open to residents of the Santa Cruz area and local small business owners who meet membership requirements.

A minimum credit score of around 650 is typically preferred, but approval depends on overall creditworthiness and financial profile.

The underwriting process usually takes between 2 to 4 weeks, depending on the complexity of the loan and completeness of application materials.

Most credit unions keep weekday business hours and are closed on weekends, and Santa Cruz Community Credit Union 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 Santa Cruz Community Credit Union to confirm current weekend availability before you go.

Santa Cruz Community Credit Union is located in California — 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 Santa Cruz Community Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Santa Cruz Community Credit Union itself, which runs its own lending under its own ownership. If you work at Santa Cruz Community Credit Union, you can claim this listing from this page to manage it.

The core details for Santa Cruz 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 Santa Cruz Community Credit Union before applying. If you represent Santa Cruz Community Credit Union, claim this listing to keep its information up to date.

You can reach Santa Cruz Community Credit Union by phone at (831) 425-7708 or online at scccu.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 Santa Cruz Community Credit Union before relying on them.

Based on its approved SBA loans, Santa Cruz Community Credit Union most often finances businesses in general retail, restaurants & food service, manufacturing, and food manufacturing & processing. This reflects Santa Cruz Community Credit Union'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 Santa Cruz Community Credit Union 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 Santa Cruz Community Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Santa Cruz Community Credit Union 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. Santa Cruz Community Credit Union can confirm its current PLP standing — ask before you apply if speed matters to you.

Santa Cruz Community Credit Union offers Start-up Loans as a business lending product. Confirm current eligibility requirements and application process directly with the credit union.

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