Westerra CU
Westerra CU is an active SBA lender in Colorado, a credit union offering SBA-guaranteed small-business loans. Currently rated 4.3 stars across 552 Google reviews.
About Westerra CU
Westerra CU offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and expansion. With a focus on serving the local Denver community, this institution provides a range of loan options including SBA 7(a) loans, which are ideal for working capital, equipment purchases, and real estate acquisitions. Their experienced team guides borrowers through the application process, ensuring clarity and support at every step. The bank emphasizes personalized service, helping clients navigate the complexities of SBA loans to secure the funding they need to succeed. Whether you're a startup or an established business, Westerra CU aims to foster economic development within the Denver area through flexible lending solutions and expert advice. Their commitment to community banking means they prioritize relationships and local economic growth, making them a strong partner for small business owners looking for reliable SBA financing options.
Common questions about Westerra CU
What is this place and what can I find here?
This is a community-focused bank offering SBA loan options and financial services tailored for small businesses in the Denver area. You can find personalized support, guidance through the loan process, and resources to help your business grow.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
The branch operates from 9 AM to 5 PM, Monday through Friday, with additional appointment options available outside regular hours upon request.
Is there a fee to use this?
There are no fees for simply visiting or consulting; fees apply only to specific loan products and services based on the terms agreed upon.
Who is this open to — anyone, or only residents/members?
This bank primarily serves members of the community and small business owners within the Denver area, requiring membership for certain banking services.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of 650 is generally preferred, though higher scores may improve loan 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 application documents.
Is this open on weekends?
Westerra CU's Cherry Creek location is open Saturdays from 9 AM to 12 PM. Confirm current weekend hours and holiday schedules directly with the branch.
How do I get there and where do I park?
The branch is located at 3700 E Alameda Ave, Denver, CO 80209 and offers member parking with wheelchair-accessible entry. Confirm parking details and accessibility accommodations with Westerra CU.
Who owns or operates this listing?
This page is an independent directory listing for Westerra CU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Westerra CU itself, which runs its own lending under its own ownership. If you work at Westerra CU, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Westerra 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 Westerra CU before applying. If you represent Westerra CU, claim this listing to keep its information up to date.
How do I contact this listing directly?
Call Westerra CU's contact center at 1-800-858-7212 (Monday–Friday 8 AM–6 PM, Saturday 9 AM–1 PM) or the branch at (303) 321-4209. Ask for the business lending department to confirm SBA loan availability.
What core industries does this lender traditionally choose to finance?
Like most SBA lenders, Westerra 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 Westerra CU directly which industries 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 Westerra CU participates in SBA Express depends on its specific SBA lending authority. Contact Westerra CU 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. Westerra CU 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. Westerra CU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Westerra CU 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 Westerra CU 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 Westerra CU 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 Westerra CU 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. Westerra CU weighs this case by case under its own policy, so be upfront about your history and ask Westerra CU how it evaluates prior bankruptcies.
