Greylock FCU

This is a local community bank offering SBA loan programs and financial services tailored to small businesses. You can find assistance with business loans, credit options, and personalized financial advice to support your business growth.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may also be accommodated depending on availability. Calling ahead can help streamline your visit.

The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It is advisable to confirm hours directly with the branch before visiting.

There are no fees for visiting or consulting with the bank; however, loan processing and service fees may apply depending on the specific financial products used.

This bank primarily serves members of Greylock FCU, which includes residents and businesses within the community. Membership eligibility is required to access their financial services.

A minimum personal credit score of around 640 is typically preferred, though higher scores may improve approval chances and loan terms.

The underwriting process generally takes between 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.

Most credit unions keep weekday business hours and are closed on weekends, and Greylock FCU typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Greylock FCU to confirm current weekend availability before you go.

Greylock FCU is located in Massachusetts — 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 Greylock FCU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Greylock FCU itself, which runs its own lending under its own ownership. If you work at Greylock FCU, you can claim this listing from this page to manage it.

The core details for Greylock FCU — 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 Greylock FCU before applying. If you represent Greylock FCU, claim this listing to keep its information up to date.

You can reach Greylock FCU by phone at (800) 207-5555 or online at greylock.org — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Greylock FCU before relying on them.

Based on its approved SBA loans, Greylock FCU most often finances businesses in construction & contractors, restaurants & food service, and general retail. This reflects Greylock FCU'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 Greylock FCU 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 Greylock FCU participates in SBA Express depends on its specific SBA lending authority. Contact Greylock FCU 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. Greylock FCU 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. Greylock FCU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Greylock FCU 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 Greylock FCU 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 Greylock FCU 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 Greylock FCU 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. Greylock FCU weighs this case by case under its own policy, so be upfront about your history and ask Greylock FCU how it evaluates prior bankruptcies.