Opportunities Credit Union

  • Open an Account
  • About Us
    • Frequently Asked Questions
    • Updates
      • News
      • Member Moments
    • Careers
    • Forms & Disclosures
    • Contact
    • Locations & Hours
    • File Exchange
    • Staying Secure Online
  • The OCU Story
    • Why OCU?
      • Opportunities in the news…
    • Invest In OCU
    • Our CDFI Impact
    • Strategic Plan
    • Annual Report
    • Board of Directors
  • Deposits
    • Mobile Banking
    • Mobile Deposit
    • Money Desktop
    • Savings Accounts
    • Checking Accounts
    • Pay it Forward CD
    • Check Our Latest Deposit Rates
    • Fee Schedule
  • Loans
    • Business Loans
    • Home Loans
    • Personal Loans
    • Home Self Service
    • Home Energy Loan by Efficiency Vermont
    • Energy
    • Winooski Housing Trust Fund
    • Check Our Latest Loan Rates
    • Fee Schedule
  • Financial Counseling
    • Business Sense
    • One-on-One Counseling
    • Workshops and Events
  • Log In

Winooski Small Business Lending

by Opportunities Credit Union

OVERVIEW 

If you are a Winooski based business experienced difficulties during the Covid-19 pandemic, please, keep reading. The city of Winooski is teaming up with Opportunities Credit Union to help local businesses adapt during these difficult times. You can get an emergency business loan up to $10,000 with a term of 5 years. If your business has been in operation in Winooski for at least three years, you are automatically qualified.

The Winooski Small Business Loan (WSBL) program offers 0% interest for the first 24 months and defers the principal payments for the first four months of the loan. This makes it easier for you to keep your business running as the city and state pandemic orders keep businesses from being open, or for businesses with lower capacity limits.

The WSBL program will give businesses the leeway to adjust under any remaining mandatory closure orders. Opportunities Credit Union and the city of Winooski are committed to helping our local businesses navigate the changing economic landscape with our lending programs. Keep your business running with the WSBL program by contacting Prabin Pokhrel at Opportunities Credit Union.

DETAILS

  • Total funds available: $200,000
  • Maximum loan: $10,000
  • Loan term: 5 years
  • Interest rate 0% for the first 24 months
  • Interest rate adjusts to 5.25% month 25 for rest of term
  • Payments: interest-only for the first 4 months, with interest rate buy-down by the City fund to 0%. (first 4 months payments from borrowers = $0)

CRITERIA FOR QUALIFYING 

  • Any business that has been operating in Winooski for at least 3 years is automatically eligible
  • Businesses that have been operating for under 3 years will be required to provide financial statements per the standard WSBL policy guidelines

APPLY NOW

    1. Download and fill out the application 

Download Application

    1. Download and fill out the authorization form

Download Authorization Form

  1. Send the documents and submit by using the form below
  • Drop files here or
    Accepted file types: pdf, Max. file size: 30 MB, Max. files: 2.
      Please, submit a .pdf

    Filed Under: Blog






    Log In





    When Dreams Come True – We Smile!

    July 21, 2023

    At Opportunities, when a family buys their first home, we smile. When we can help them find $50,000 toward their down payment, the smiles spread beyond our branches to our […]

    Buying a house for the grandchildren

    June 6, 2023

    When one of our members was awarded full custody for her 4 grandchildren, her rental apartment all of a sudden was a tight squeeze. Diane was living self-sufficiently in a […]

    We put the person in personal lending

    October 17, 2022

    Check out our latest video about this heart warming story of one of our members that was in a pinch!   Learn More    




    Inform

    • Opportunities
      • EServices
      • Locations & Hours
      • Blog
      • Stories
      • News
      • Events
      • Contact
    • PROGRAMS
      • Savings & Checking
      • Our Money Sense Program
      • Independence Fund
    • RATES & LOANS
      • Check Our Latest Deposit Rates
      • Energy Loans
      • Personal Loans
      • Mortgage Lending
      • Business Lending
    • LEARN MORE
      • Frequently Asked Questions
      • Why OCU?
      • Invest In OCU
      • Funds Availability
      • Online Security
      • Privacy Policy
      • Luxury Expense Policy
      • Internet Gambling Notice

    Explore

    SHARE

    VISIT

      

    Connect

    iphone_app_store  google_play
    download youtube
    Click For Locations and Hours

    1.800.865.8328 Toll Free
    1.802.654.4540 Direct
    1.802.654.4551 Fax

    REPORT A LOST OR STOLEN CARD
    AFTER HOURS 1-888-263-3370

    Routing Number - 011692588

     
    © 2023 Opportunities Credit Union. All rights reserved. Site by Earthlogic.