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SBA Loan Programs

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Top SBA Lender in Merrimack Valley

Unlike commercial banks, Merrimack Valley Credit Union (MVCU) and Bridgewater Credit Union, a division of Merrimack Valley Credit Union, focus on small businesses, including underserved small businesses. Our Business Lending specialty is SBA Loans, where we have won these highly competitive awards:

2013: SBA Credit Union of the Year in Massachusetts (First Place)
2014: Emerging Credit Union of the Year in New Hampshire
2015: SBA Credit Union of the Year in New Hampshire (Tied for First Place)
2015: SBA Credit Union of the Year in Massachusetts (Second Place) 

General Small Business Loans 7(a)

  • Provides financing for establishing a new business or to assist in the acquisition, operation, or expansion of an existing business
  • Term Loan
  • 85% guaranty for loans of $150,000 or less
  • 75% guaranty for loans greater than $150,000
  • Specific terms are negotiated between borrower and MVCU or BCU

CDC/504 Loan Program

  • Provides financing for major fixed assets such as equipment or real estate
  • Long-term, fixed-asset loan
  • Maximum amount ranges from $5 million to $5.5 million, depending on type of business or project
  • Lender (non-guaranteed) financing secured by first lien on project assets


  • May be used for revolving lines of credit (up to 7 year maturity) or for a term loan [same as 7(a)]
  • 50% guaranty up to $350,000
  • Features an accelerated turnaround time for SBA review; a response to an application will be given within 36 hours.


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