SBA Loans

America’s Credit Union specializes in meeting the unique borrowing needs of small businesses. Our status with the Small Business Administration allows us to arrange timely financing for your business. We provide expertise that will allow you to take full advantage of all of the SBA loan programs.

Our SBA team will lead you step-by-step through the approval process. We will help you complete a loan package that delivers a clear and professional financial request.


  • SBA loans carry longer maturities than conventional bank loans (7 to 25 years).
  • Smaller down payment
  • Collateral requirements are less demanding.
  • SBA loans are flexible with no balloon payments. No pre-payment penalties for loans with less than a 15-year maturity.
  • Loans may be made to business with short or no history (startups).


  • Purchase or upgrade land or real estate to operate your business
  • Construct a business facility or make tenant improvements on a leased property
  • Purchase fixed assets such as heavy machinery and specialized equipment
  • Working capital
  • Refinance debt
  • Business or franchise purchase or start-ups with lower collateral requirements than conventional loans


If you have an existing relationship with ACU, feel free to contact your local branch. They will assist you and work closely with the SBA Department to meet your needs.

To begin your SBA loan application for up to $5.0 million you need only to provide the following information:

  • How much you are requesting to borrow, and an explanation of the use of proceeds.
  • Business tax returns, with all schedules, for the past three years.
  • A current business financial statement (not more than 90 days old).
  • Business financial statements for prior three years, if available.
  • Aging of accounts receivable as of the same date or later as the current financial statement.
  • A detailed list of all company term debt and lines of credit, as of the same date as the current financial statement.
  • Personal tax returns, with all schedules, from prior three years.
  • Current personal financial statement.
  • For new businesses: a detailed one-year business plan with cash flow projection.

Once you have this information together, we can meet at your business or our offices to discuss your needs. We then will respond to your request in a matter of days. If the loan is approved, we will handle all of the paperwork in our office.

  • Regular 7(a) Small Business Loans
  • Funding up to $5,000,000 – maximum guaranty $3,750,000
  • Terms of 5 to 25 years
  • Proceeds used for working capital, inventory, equipment, business acquisition, debt refinancing and real estate.
  • Most businesses qualify as being small
  • Competitive rates and fees
  • Guaranty from 75% to 85% depending on the loan amount.

SBA 504 Loan

The 504 loan program is an economic development program designed to finance fixed assets for small businesses on reasonable terms and to stimulate employment through a job retention/creation goal. Maximum loan amount ranges from $5 million to $5.5 million depending on the type of business or project.

Certified Development Companies (CDC’s) which are licensed by the SBA analyze each application in a commercially reasonable manner, consistent with prudent lending standards. On 504 loans, the cash flow of the Small Business Applicant is the primary source of repayment, not the liquidation of collateral.

Loans under the 504 program provide permanent or take-out financing. An interim lender (either the Third Party Lender or another lender) provides the interim financing to cover the period between SBA approval of the project and the debenture sale. After the project is completed, the CDC will close the 504 loan. The proceeds from the Debenture sale repay the interim lender for the amount of the 504 project costs that it advanced on an interim basis.

The borrower must inject at least 10% of the Project cost. New businesses must inject at least 15%.
Businesses with a Limited or Special Purpose Property also must inject 15%.

If a Project finances both a New Business and a Limited or Special Purpose Property, the applicant is required to inject 20% of the project cost.

The additional borrower’s contribution will reduce the SBA’s portion of the financing. The borrower’s equity in land previously acquired may be counted toward the borrower’s contribution. The borrower also may count toward its contribution, equity in land and buildings that will be part of the Project if they are adding a new building to the same property.

We encourage you to visit the SBA website, which provides small businesses an array of financial information from the smallest to the largest capital needs. SBA provides free on-site or on-line counseling for small businesses, and low-cost training to start-up entrepreneurs or established small businesses. Washington Small Business Development Centers—An excellent resource for any small business. For specific information for the Puget Sound region, the Seattle District Office link is

SBA Loan Department

Our expert, Lyn Hamilton, SBA Program Manager, has been actively involved in SBA lending since 1985 and in the year 2010 was recognized by the SBA as the Regional Financial Services Advocate of the Year for the region composed of Alaska, Idaho, Oregon and Washington. You may contact Lyn at America’s Credit Union to learn more information or get answers to your questions about SBA Loans.

Direct (253) 964-3264
Cell (253) 686-4251
Fax (253) 964-3264

Apply for a loan

SBA Loan Videos

Introduction to the SBA