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First Community Credit Union

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Description

First Community Credit Union offers comprehensive SBA loan services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, they assist clients in navigating the SBA 7(a) loan process, providing funding options up to $47,600 for qualifying applicants. Their team is dedicated to helping small business owners access capital efficiently, whether they are startups or established enterprises. Located in Chesterfield, Missouri, this institution emphasizes community-oriented banking with a strong understanding of local economic conditions. They support a variety of industries, with particular expertise in sectors such as healthcare, retail, and professional services. The credit union’s approach combines competitive rates with flexible terms, making it a reliable partner for small business financing needs. Clients benefit from their knowledgeable staff who guide them through application procedures, ensuring a smooth experience from start to finish. They also offer additional support for microloans and other SBA programs, emphasizing their commitment to fostering local economic development. Overall, First Community Credit Union is a trusted resource for small businesses looking for personalized banking solutions backed by SBA programs.

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Q&A

Lender Type
Commercial Bank
Google Rating
2.3
Google Review Count
165
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan services, including the 7(a) program, tailored to small business needs in Chesterfield, Missouri. You can find personalized support and various financing options to help grow your business.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome depending on availability. Calling ahead can help streamline your visit.
Question 3
What are the hours of operation?
Answer 3
The typical hours are Monday through Friday from 9 am to 5 pm, but it’s best to check with the branch directly for specific times or after-hours appointments.
Question 4
Is there a fee to use this?
Answer 4
There may be fees associated with loan processing and service charges, but these are generally disclosed upfront during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves members of the credit union, which includes residents and small business owners in the local community.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 650 is typically preferred, but this can vary based on the specific loan and borrower profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process usually takes between 2 to 4 weeks, depending on the complexity of the application and completeness of submitted documentation.
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