Small Business Financing
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Let us help you meet the needs of your local business. Whether you’re starting out, building up or moving on, an OnPoint Small Business Loan makes getting the financing your small business needs quick and convenient.
We provide local decisions and servicing.
We keep our loans in-house. That means we’ll always be working together. It also means that you’ll always know who to call when you have a question or need to bounce around a big–or not so big–idea. It’s just one of the many ways we provide better, more personalized service to our members.
When it comes to financing your goals, we work hard to understand your complete business outlook. We’ll discuss what’s motivating your need or what, if any, long-term effects should be on your radar. Throughout the process, we’ll work with you to find the perfect financing to fit your needs with flexible rate and term options.
Compare Small Business Financing
Best for:
Best for:
Flexible Terms
Flexible Terms
Fixed-Rate
Fixed-Rate
Variable-Rate
Variable-Rate
Annual Percentage Rate
Annual Percentage Rate
Estimated Minimum Monthly Payment
Estimated Minimum Monthly Payment
Small Business Term Loans
Best for:
Expanding your business, purchasing new or used equipment or other long-term financing needs.
Flexible Terms
Up to 60 months
Fixed-Rate
Variable-Rate
Annual Percentage Rate
10.00% - 16.00% Fixed Rate1
Estimated Minimum Monthly Payment
$460.05 based on a 5-year, $20,000 loan at 13.50% APR
Small Business Lines of Credit
Best for:
Giving your business the resources it needs with financing you can use when you need it.
Flexible Terms
Fixed-Rate
Variable-Rate
Annual Percentage Rate
7.25% - 9.25% Variable Rate2
Estimated Minimum Monthly Payment
2% of outstanding balance or $25, whichever is greater
Business Auto Loans
Best for:
Keeping your business moving with affordable options for purchasing new, used or refinanced vehicles.
Flexible Terms
Up to 84 months
Fixed-Rate
Variable-Rate
Annual Percentage Rate
See below.
Estimated Minimum Monthly Payment
See below.
Additional Rate Info
Available Terms | Annual Percentage Rate | Estimated Minimum Monthly Payment | |
|---|---|---|---|
Rates Effective: 08-11-2020 Learn more about Small Business Lines of Credit and Term LoansAll loan and line of credit rates are determined by credit union management and are subject to change at any time. Rates assume a 0.50% discount for automatic payment. All services offered by the credit union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, credit union bylaws, and all regulations, rules and practices now or hereafter adopted by the credit union. All loans and lines of credit subject to credit approval. Rates are based on an evaluation of credit history and other factors specific to your loan and may be higher than the lowest rate published. 1 Maximum loan amount is $25,000.
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Available Terms Up to 60 Months | Annual Percentage Rate 10.00% - 16.00% Fixed Rate1 | Estimated Minimum Monthly Payment $460.05 based on a 5-year, $20,000 loan at 13.50% APR | |
Available Terms N/A | Annual Percentage Rate 7.25% - 9.25% Variable Rate2 | Estimated Minimum Monthly Payment 2% of outstanding balance or $25, whichever is greater | |
Available Terms | Annual Percentage Rate (Fixed)1 | Estimated Minimum Monthly Payment | |
|---|---|---|---|
Rates Effective: 08-11-2020 Learn more about Business Auto LoansAll loan and line of credit rates are determined by credit union management and are subject to change at any time. All services offered by the credit union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, credit union bylaws, and all regulations, rules and practices now or hereafter adopted by the credit union. All loans and lines of credit subject to credit approval. Rates are based on an evaluation of credit history and other factors specific to your loan and may be higher than the lowest rate published. New and used auto loan rates available on passenger-type vehicles only. For new/used auto model years 2010 and newer, maximum LTV may vary depending on credit history and factors specific to your loan. LTV is calculated using Kelley Blue Book retail value, MSRP, or purchase price, whichever is lowest. Vehicles meeting EPA Smartway Elite standards receive a 0.25% discount off stated APR. Discount does not apply to existing OnPoint auto loans or promotional rates. 1 Rates assume a 0.50% discount for automatic payment. Bundle Rewards: Receive 0.25% off consumer fixed APR (Annual Percentage Rate) loans. This offer excludes the refinance of existing OnPoint loans. Auto payment from an OnPoint Checking or Savings account is required. Additional products and services are required to qualify for Bundle Rewards. Please see an OnPoint representative for more information or click here. 2 New and Used Auto 84-month term requires $15,000 minimum loan amount. 3 Maximum LTV for Cargo Vehicles is 90%. 4 Examples of Business Specialty Vehicles include delivery trucks, cargo vans, dump trucks, and motor coach buses. For auto model years 2009 and older, and Business Specialty Vehicle loans, maximum LTV is 80% unless otherwise noted. LTV is calculated using Kelley Blue Book retail value, NADA high value, MSRP, or purchase price, whichever is lowest. Alternative terms and additional conditions may apply when aggregate debt exceeds $50,000. | |||
New Auto | Available Terms 36-60 months | Annual Percentage Rate (Fixed)1 3.39% - 6.84% | Estimated Minimum Monthly Payment $274.49 based on a 60 month, $15,000 loan at 3.74% APR |
New Auto | Available Terms 72 months | Annual Percentage Rate (Fixed)1 3.49% - 7.14% | Estimated Minimum Monthly Payment $233.59 based on a 72 month, $15,000 loan at 3.84% APR |
New Auto | Available Terms 84 months2 | Annual Percentage Rate (Fixed)1 3.84% - 7.49% | Estimated Minimum Monthly Payment $207.74 based on an 84 month, $15,000 loan at 4.39% APR |
Used Auto | Available Terms 36-60 months | Annual Percentage Rate (Fixed)1 3.54% - 7.24% | Estimated Minimum Monthly Payment $276.52 based on a 60 month, $15,000 loan at 4.04% APR |
Used Auto | Available Terms 72 months | Annual Percentage Rate (Fixed)1 3.64% - 7.44% | Estimated Minimum Monthly Payment $235.64 based on a 72 month, $15,000 loan at 4.14% APR |
Used Auto | Available Terms 84 months2 | Annual Percentage Rate (Fixed)1 4.19% - 4.89% | Estimated Minimum Monthly Payment $211.23 based on an 84 month, $15,000 loan at 4.89% APR |
New Cargo Vehicle3 | Available Terms 36-60 months | Annual Percentage Rate (Fixed)1 4.39% - 7.84% | Estimated Minimum Monthly Payment 8.50% -9.50% |
New Cargo Vehicle3 | Available Terms 72 months | Annual Percentage Rate (Fixed)1 4.49% - 8.14% | Estimated Minimum Monthly Payment $240.46 based on a 72 month, $15,000 loan at 4.84% APR |
Used Cargo Vehicle3 | Available Terms 36-60 months | Annual Percentage Rate (Fixed)1 4.54% - 8.24% | Estimated Minimum Monthly Payment $283.34 based on a 60 month, $15,000 loan at 5.04% APR |
Used Cargo Vehicle3 | Available Terms 72 months | Annual Percentage Rate (Fixed)1 4.64% - 8.44% | Estimated Minimum Monthly Payment $242.55 based on a 72 month, $15,000 loan at 5.14% APR |
Business Specialty Vehicle4 | Available Terms Up to 60 months | Annual Percentage Rate (Fixed)1 8.50% -9.50% | Estimated Minimum Monthly Payment $123.30 based on a 48 month, $5,000 loan at 8.50% APR |
Paycheck Protection Program Loan Forgiveness
If you received a loan as part of the SBA Paycheck Protection Program, determine how to use your funds in preparation for loan forgiveness. We share our understanding of the forgiveness process and provide tips to help you best use your funds.
Meet your larger business banking needs.
Have questions about expanding locations, construction loans or commercial real estate needs? Our experienced Commercial Relationship Managers are always available to provide the advice and support you need.
Meet with a Commercial Manager today
Which business financing option is right for you?
Small Business Financing FAQs
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Disclosures
All loan and line of credit rates are determined by credit union management and are subject to change at any time. Rates assume a 0.50% discount for automatic payment. All services offered by the credit union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, credit union bylaws, and all regulations, rules and practices now or hereafter adopted by the credit union. All loans and lines of credit subject to credit approval. Rates are based on an evaluation of credit history and other factors specific to your loan and may be higher than the lowest rate published.
1 Maximum loan amount is $25,000.
2 Small Business Line of Credit minimum $10,000 limit, not to exceed $25,000.