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SBA Loan Programs

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Top SBA Lender in Merrimack Valley

Unlike commercial banks, we focus on small businesses, including underserved small businesses. Our Business Lending specialty is SBA Loans, where we have won these highly competitive awards in the past three years.

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

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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