Atlantic Regional Federal Credit Union

This is a financial institution offering SBA loans and small business financing options designed to help entrepreneurs grow their businesses. You can find assistance with loan applications, guidance on eligibility, and personalized support tailored to your needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated depending on availability. Contact ahead of time for the best experience.

The Westbrook branch lobby is open Monday-Friday 8:30 AM to 5:00 PM (Wednesday 9:00 AM opening), with Tuesday-Thursday closing at 4:00 PM. Drive-through hours are 8:00 AM to 5:00 PM Monday-Friday (Wednesday 9:00 AM opening). Contact (207) 771-1150 to confirm.

There are no fees for simply visiting or consulting; however, standard loan application and processing fees may apply if you pursue financing.

This institution primarily serves small business owners and entrepreneurs, with eligibility based on business criteria rather than residency alone.

A minimum credit score of around 640 is generally preferred, though higher scores may improve approval chances.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of your application.

Atlantic Regional FCU is closed on Saturdays except for Video Teller at ATM only from 9:00 AM to 12:00 PM. No drive-through or lobby service on weekends.

Atlantic Regional Federal Credit Union is located in Maine — see the contact card for the full address. Most credit union locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Atlantic Regional Federal Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Atlantic Regional Federal Credit Union itself, which runs its own lending under its own ownership. If you work at Atlantic Regional Federal Credit Union, you can claim this listing from this page to manage it.

The core details for Atlantic Regional Federal Credit Union — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Atlantic Regional Federal Credit Union before applying. If you represent Atlantic Regional Federal Credit Union, claim this listing to keep its information up to date.

Atlantic Regional FCU Westbrook branch: (207) 771-1150 or submit a form at https://www.atlanticfcu.com/about/contact/contact-us.html.

Based on its approved SBA loans, Atlantic Regional Federal Credit Union most often finances businesses in construction & contractors. This reflects Atlantic Regional Federal Credit Union's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Atlantic Regional Federal Credit Union which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Atlantic Regional Federal Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Atlantic Regional Federal Credit Union and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established credit unions hold PLP status, but it varies by institution. Atlantic Regional Federal Credit Union can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Atlantic Regional Federal Credit Union's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Atlantic Regional Federal Credit Union directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Atlantic Regional Federal Credit Union what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Atlantic Regional Federal Credit Union to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Atlantic Regional Federal Credit Union to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Atlantic Regional Federal Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Atlantic Regional Federal Credit Union how it evaluates prior bankruptcies.