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First Community CU

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Description

First Community CU offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, they provide access to SBA 7(a) loans, which are ideal for a variety of business purposes including working capital, equipment purchase, and real estate acquisition. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. They support businesses across various industries, emphasizing community development and local economic growth. The bank’s commitment to small business success is reflected in their flexible lending options and dedicated customer service, making them a trusted partner for entrepreneurs in the Jamestown area and beyond. Whether you’re starting a new venture or expanding an existing one, First Community CU aims to facilitate your business ambitions with competitive rates and supportive terms.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
25
Question 1
What is this place and what can I find here?
Answer 1
This is a branch of First Community Credit Union offering SBA loan programs and small business financial services to support local entrepreneurs and business growth.
Question 2
Do I need an appointment or can I walk in?
Answer 2
You can walk in during business hours or schedule an appointment for personalized service with their small business lending team.
Question 3
What are the hours of operation?
Answer 3
The branch operates Monday through Friday from 9 am to 5 pm, with additional appointment options available outside regular hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for accessing basic banking services; specific loan fees depend on the loan terms and amount.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This branch primarily serves members of First Community Credit Union, but SBA loan programs are available to qualified small businesses nationwide.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum credit score of around 640 is generally preferred, though approval depends on overall financial health and business strength.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 45 days, depending on the completeness of application and supporting documentation.
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