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Kevin Sheffield
Business Lending Manager
Our Small Business Financing Program helps you start or expand your business by providing working capital to you. How does it work? You’ll apply for an SBA loan through ACFCU and the government will promise to repay a portion of the borrowed money if you start to struggle with repayment. Because of that guarantee, these loans are often easier to qualify for than standard business banking loans.*
Small Business Financing Program
ACFCU is a community partner and your source for unique, customized business solutions backed by the Small Business Administration.
Our Small Business Financing Program can be used to:
- Grow your business
- Create or retain jobs
- Refinance debt
- Purchase or refinance real estate
- Acquire buildings and facilities
- Make improvements to existing facilities
- Purchase long-term machinery
- Obtain additional inventory
- Acquire new businesses, including franchises
- Exporting goods and services
- And more
For more information visit www.sba.gov or email your questions to our expert team of lenders at business@sanmingzhi.net1.
- Designed to meet the needs of smaller businesses while carrying many of the benefits of larger business loans
- Each loan is backed by a government guarantee
- No collateral necessary
- Great for younger, growing businesses
- Lower down payments which mean less funds needed now
- Longer loan terms to improve cash flow by reducing monthly payment
- Available to for-profit businesses that normally do not qualify under regular commercial lending standards
ACFCU is accepting applications for all SBA loan types.
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504 Loans
The CDC/504 Loan Program provides long-term, fixed rate financing of up to $5 million for major fixed assets that promote business growth and job creation.
To be eligible for a 504 Loan, your business must:
- Operate as a for-profit company in the United States or its possessions
- Have a tangible net worth of less than $15 million
- Have an average net income of less than $5 million after federal income taxes for the two years preceding your application
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7(a) Loans
The 7(a) loan program is the SBA’s primary program for providing financial assistance to small businesses. The terms and conditions, like the guaranty percentage and loan amount, may vary by the type of loan.
While the vast majority of businesses are eligible for financial assistance from the SBA, some are not.
Eligible businesses must:
- Operate for profit
- Be engaged in, or propose to do business in, the U.S. or its territories
- Have reasonable owner equity to invest
- Use alternative financial resources, including personal assets, before seeking financial assistance
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SBA Express Loans & Lines of Credit
The SBA Express program features an accelerated turnaround time for SBA review. The SBA will respond to your application within 36 hours.
Read more about SBA Express Loans & Lines of Credit at sba.gov.
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Export Express Loans
The Export Express program provides exporters and lenders a streamlined method to obtain SBA-backed financing for loans and lines of credit up to $500,000. Lenders use their own credit decision process and loan documentation. The SBA will respond to your application within 24 hours.
ACFCU is here to…
Learn more about your business needs
Help you understand the various SBA loan programs and requirements
Match you with the best solution
Meet Your Lender
Get Started.
Tell us a little bit about yourself, your business and your borrowing needs. We will get in touch with you within one business day1.
Why Remarkable Service
is Right For You
As a full-service credit union, we’re a cooperative of members like you who know that by coming together, we can all benefit in our financial journey.
Financial Empowerment
We’re here to help our members—and neighbors—meet their financial goals and live their best lives.
Rewarding Experience
We think there’s nothing more rewarding than serving our members—and believe one good turn deserves another.
Utmost Integrity
We not only meet your financial needs, we commit to being a good neighbor and serving with integrity.
The Fine Print
*Not all applicants will qualify.
Equal Housing Lender.
NMLS#477974.
1Please do not submit your account number or social security number via email or contact form. Information sent is at risk of loss of confidentiality if the information is transmitted over the internet.
