Sound Credit Union
Sound Credit Union is an active SBA lender in Washington, a credit union offering SBA-guaranteed small-business loans. Currently rated 3.6 stars across 62 Google reviews.
$96M
in SBA approvals since 2010
358
SBA loans funded
Restaurants & Food Service · Construction & Contractors · Medical Practices & Clinics
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Sound Credit Union
Sound Credit Union offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on the Pacific Northwest, it provides flexible loan options under the SBA 7(a) program, known for its competitive terms and favorable conditions. The credit union specializes in serving local businesses, providing personalized service and expert guidance throughout the lending process. Whether you're looking to finance equipment, real estate, or working capital, Sound Credit Union stands ready to assist with loans up to $2,981,300, ensuring your business has the capital it needs to thrive. Their experienced team understands the nuances of SBA loans and works closely with borrowers to streamline approval and funding. Located at 1331 Broadway in Tacoma, WA, they are committed to supporting regional economic growth and small business success. Their expertise in the NAICS code 238160 (Electrical Contractors) highlights their strength in construction-related industries, but they serve a broad range of sectors. With a history of successful approvals, they are a reliable partner for businesses seeking SBA financing.
Industries Sound Credit Union finances
Business types Sound Credit Union actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Sound Credit Union
What is this place and what can I find here?
This is a financial institution that provides SBA loans and specializes in supporting small businesses with flexible financing options and personalized service.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
Sound Credit Union's Tacoma branch operates Monday through Friday, 9am to 5pm. Confirm these hours with the lender before visiting.
Is there a fee to use this?
There may be fees associated with loan processing and closing, which are aligned with SBA guidelines and disclosed upfront.
Who is this open to — anyone, or only residents/members?
This lender primarily serves small business owners within the regional area, especially those who are members or residents of the community.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of around 650 is generally required, though higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.
Is this open on weekends?
No, Sound Credit Union's Tacoma branch is closed on weekends (Saturday and Sunday). Confirm this with the lender.
How do I get there and where do I park?
Sound Credit Union's Tacoma branch is at 1331 Broadway, Tacoma, WA 98402. Free parking is available off Commerce St. Confirm parking details with the lender.
Who owns or operates this listing?
This page is an independent directory listing for Sound Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Sound Credit Union itself, which runs its own lending under its own ownership. If you work at Sound 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 Sound 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 Sound Credit Union before applying. If you represent Sound Credit Union, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Sound Credit Union by phone at (800) 562-8130 or via their online contact form at soundcu.com/contact/. For SBA loans, ask for their business lending department.
What core industries does this lender traditionally choose to finance?
Based on its approved SBA loans, Sound Credit Union most often finances businesses in construction & contractors, restaurants & food service, medical practices & clinics, transportation & trucking, cleaning, landscaping & janitorial, and general retail. This reflects Sound 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 Sound Credit Union 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 Sound Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Sound 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?
Yes, Sound Credit Union holds Preferred Lender Program status with the SBA — they underwrite and approve their own loans for faster decisions. Confirm current status with the lender.
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. Sound Credit Union's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Sound 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 Sound 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 Sound 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 Sound 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. Sound Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Sound Credit Union how it evaluates prior bankruptcies.
