Small business financing
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Let us help you meet the needs of your local business. Whether you’re building out or moving on, an OnPoint Small Business Loan makes getting the financing your small business needs quick and convenient.
We provide local decisions and local loan 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.
We're not a bank, we're your partner.
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
7.00% - 12.00% fixed rate1
Estimated minimum monthly payment
$429.88 based on a 5-year, $20,000 loan at 10.50% 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: 12-04-2021 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. 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. 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. | |||
Available terms Up to 60 Months | Annual percentage rate 7.00% - 12.00% fixed rate1 | Estimated minimum monthly payment $429.88 based on a 5-year, $20,000 loan at 10.50% 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: 12-04-2021 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 2011 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 OnPoint’s green auto discount standards receive a 0.25% discount off stated APR. Discount does not apply to existing OnPoint auto loans or promotional rates. 1 Bundle rewards: Receive 0.25% off consumer fixed APR (annual percentage rate) loans. 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 Examples of business specialty vehicles include delivery trucks, dump trucks, and motor coach buses. For auto model years 2010 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 2.49% - 5.94% | Estimated minimum monthly payment $268.47 based on a 60 month, $15,000 loan at 2.84% APR |
New auto | Available terms 72 months | Annual percentage rate (fixed)1 2.74% - 6.39% | Estimated minimum monthly payment $228.51 based on a 72 month, $15,000 loan at 3.09% APR |
New auto | Available terms 84 months2 | Annual percentage rate (fixed)1 2.99% - 6.64% | Estimated minimum monthly payment $201.87 based on an 84 month, $15,000 loan at 3.54% APR |
Used auto | Available terms 36-60 months | Annual percentage rate (fixed)1 2.64% - 6.34% | Estimated minimum monthly payment $270.46 based on a 60 month, $15,000 loan at 3.14% APR |
Used auto | Available terms 72 months | Annual percentage rate (fixed)1 2.89% - 6.69% | Estimated minimum monthly payment $230.53 based on a 72 month, $15,000 loan at 3.39% APR |
Used auto | Available terms 84 months2 | Annual percentage rate (fixed)1 3.34% - 4.04% | Estimated minimum monthly payment $205.31 based on an 84 month, $15,000 loan at 4.04% 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 |
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
Share the benefits of membership.
Give your employees the opportunity to take advantage of special offers like loan savings, rate discounts and no minimum balance requirements with OnPoint Group Banking.
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.
Learn more about SBA PPP loan forgivenessLearn more about OnPoint business member Huber’s.
Small business financing FAQs
OnPoint is currently accepting Payroll Protection Program applications. In order to apply, you will need an active business membership with OnPoint and access to online banking.
Get the financing your business needs.
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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. 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. 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.
2 Small Business Line of Credit minimum $10,000 limit, not to exceed $25,000. 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.