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Small Business Financing

Local banking for your local business.

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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.

Twice the creative input on this project

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 forgiveness

Learn more about OnPoint business member Huber’s.

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

    x icon

  • 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

    x icon

  • Fixed-Rate

    x icon

  • 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

    x icon

  • Annual Percentage Rate

    See below.

  • Estimated Minimum Monthly Payment

    See below.

Additional Rate Info

Small Business Lines of Credit and Term Loans
Small Business Lines of Credit and Term Loans

Available Terms

Annual Percentage Rate

Estimated Minimum Monthly Payment

Rates Effective: 09-21-2021

Learn more about Small Business Lines of Credit and Term Loans

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.
2 Small Business Line of Credit minimum $10,000 limit, not to exceed $25,000.

 

Small Business Term Loan

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

Small Business Line of Credit

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

Business Auto Loans
Business Auto Loans

Available Terms

Annual Percentage Rate (Fixed)1

Estimated Minimum Monthly Payment

Rates Effective: 09-21-2021

Learn more about Business Auto Loans

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.

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. This offer excludes the refinance of existing OnPoint 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 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 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
(2018 and newer)

Available Terms

36-60 months

Annual Percentage Rate (Fixed)1

2.74% - 6.19%

Estimated Minimum Monthly Payment

$270.13 based on a 60 month, $15,000 loan at 3.09% APR

New Auto
(2018 and newer)

Available Terms

72 months

Annual Percentage Rate (Fixed)1

2.99% - 6.64%

Estimated Minimum Monthly Payment

$230.19 based on a 72 month, $15,000 loan at 3.34% APR

New Auto
(2018 and newer)

Available Terms

84 months2

Annual Percentage Rate (Fixed)1

3.24% - 6.89%

Estimated Minimum Monthly Payment

$203.59 based on an 84 month, $15,000 loan at 3.79% APR

Used Auto
(2011-2017)

Available Terms

36-60 months

Annual Percentage Rate (Fixed)1

2.89% - 6.59%

Estimated Minimum Monthly Payment

$272.14 based on a 60 month, $15,000 loan at 3.39% APR

Used Auto
(2015-2017)

Available Terms

72 months

Annual Percentage Rate (Fixed)1

3.14% - 6.94%

Estimated Minimum Monthly Payment

$232.23 based on a 72 month, $15,000 loan at 3.64% APR

Used Auto
(2015-2017)

Available Terms

84 months2

Annual Percentage Rate (Fixed)1

3.59% - 4.29%

Estimated Minimum Monthly Payment

$207.04 based on an 84 month, $15,000 loan at 4.29% APR

New Cargo Vehicle3
(2018 and newer)

Available Terms

36-60 months

Annual Percentage Rate (Fixed)1

3.74% - 7.19%

Estimated Minimum Monthly Payment

8.50% -9.50%

New Cargo Vehicle3
(2018 and newer)

Available Terms

72 months

Annual Percentage Rate (Fixed)1

3.99% - 7.64%

Estimated Minimum Monthly Payment

$237.01 based on a 72 month, $15,000 loan at 4.34% APR

Used Cargo Vehicle3
(2011 -2017)

Available Terms

36-60 months

Annual Percentage Rate (Fixed)1

3.89% - 7.59%

Estimated Minimum Monthly Payment

$278.90 based on a 60 month, $15,000 loan at 4.39% APR

Used Cargo Vehicle3
(2015-2017)

Available Terms

72 months

Annual Percentage Rate (Fixed)1

4.14% - 7.94%

Estimated Minimum Monthly Payment

$239.08 based on a 72 month, $15,000 loan at 4.64% 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
Real estate agent and businesswoman customer

Which business financing option is right for you?

Compare your options and calculate your potential payments.


Small Business Financing FAQs

OnPoint Community Credit Union participates in SBA Paycheck Protection Program lending, however we do not offer standard SBA loans at this time.

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.

Stop by an OnPoint branch.

Find a nearby location or ATM

Tell us some more about you.

Contact us

Give us a call.

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.

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