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Last Updated: 04/18/2025

E-Central Credit Union SBA Loan 7(a)

in Business Loans from E-Central Credit Union

Last Updated: 04/18/2025

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Highlights

Amount Range

Up to $5,000,000

APR (Fixed APR)

N/A

Loan Term (Months)

10 - 25
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E-Central Credit Union SBA Loan 7(a) Review

E-Central Credit Union SBA Loan 7(a) is a business financing offering by E-Central Credit Union, based in Pasadena, CA. Founded in 1943, E-Central Credit Union offers access to small business loans in 1 state across the USA.

E-Central Credit Union SBA Loan 7(a) FAQ

What are E-Central Credit Union SBA Loan 7(a) rates?

E-Central Credit Union SBA Loan 7(a) offers a fixed APR business financing product but they do not disclose their rates.

Does E-Central Credit Union SBA Loan 7(a) charge an origination fee?

Yes, E-Central Credit Union SBA Loan 7(a) charges a loan origination fee .

Does E-Central Credit Union SBA Loan 7(a) charge prepayment fees?

Yes, E-Central Credit Union SBA Loan 7(a) may charge additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a business loan product because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.

What is the maximum business loan term you can get with E-Central Credit Union SBA Loan 7(a)?

E-Central Credit Union SBA Loan 7(a) offers small business loans with terms ranging from 10 to 25 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for E-Central Credit Union SBA Loan 7(a)?

E-Central Credit Union SBA Loan 7(a) requires companies to be in business for at least month
E-Central Credit Union SBA Loan 7(a) does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by E-Central Credit Union SBA Loan 7(a).
To qualify, applicants may need to provide the following documentation:
  • Business formation documents
  • Driver's license or other government photo ID
  • Government issued photo ID
  • Proof of identity

Does E-Central Credit Union SBA Loan 7(a) report your account activity to credit bureaus?

Yes, E-Central Credit Union SBA Loan 7(a) reports to the following credit bureaus:
  • Equifax
  • Experian
  • TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.

Does E-Central Credit Union perform a hard credit pull?

Yes, E-Central Credit Union SBA Loan 7(a) performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

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Contact

Headquarters

990 S Fair Oaks Ave
Pasadena, CA 91105
(626) 799-6000
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Email Support

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:30AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:30AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed

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