Spokane Teachers CU

This is a financial institution offering SBA loan programs and small business financing solutions. You can find personalized support for your business needs, including loans for real estate, equipment, and working capital, with a focus on community development and industry-specific expertise.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability. Calling ahead can help streamline your visit and prepare necessary documentation.

The Liberty Lake branch is open 9:00 a.m. to 5:00 p.m. Monday through Friday (lobby), with drive-through hours from 8:30 a.m. to 5:30 p.m. Monday through Friday. Confirm current hours directly with Spokane Teachers CU.

There are no fees for simply visiting or consulting; however, loan processing and application fees may apply depending on the specific financing product. These fees are disclosed upfront during the application process.

This institution primarily serves members of Spokane Teachers Credit Union, but non-members can also apply for SBA loans with proper qualification and membership requirements fulfilled.

They generally look for a minimum personal credit score of 620 to qualify for SBA loans, though higher scores improve approval chances and loan terms.

The underwriting process typically takes 30 to 45 days, depending on the complexity of the loan and the completeness of the application submitted.

The Liberty Lake branch is closed on weekends and operates Monday through Friday only. Confirm with Spokane Teachers CU for holiday hours.

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

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

You can reach Spokane Teachers CU at (509) 326-1954 or toll-free at (800) 858-3750, or visit stcu.org/contact for additional contact options. For SBA loans specifically, ask for their business lending department.

Like most SBA lenders, Spokane Teachers 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 Spokane Teachers CU directly which industries 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 Spokane Teachers CU participates in SBA Express depends on its specific SBA lending authority. Contact Spokane Teachers 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. Spokane Teachers 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. Spokane Teachers CU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Spokane Teachers 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 Spokane Teachers 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 Spokane Teachers 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 Spokane Teachers 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. Spokane Teachers CU weighs this case by case under its own policy, so be upfront about your history and ask Spokane Teachers CU how it evaluates prior bankruptcies.