Idaho Central CU
Idaho Central CU is an active SBA lender in Idaho, a credit union offering SBA-guaranteed small-business loans. Currently rated 3.8 stars across 59 Google reviews.
About Idaho Central CU
Idaho Central CU offers comprehensive SBA lending solutions tailored to small businesses seeking financial support for growth, expansion, or operational needs. As a trusted financial partner, they provide access to various SBA programs including the popular 7(a) loan program, which helps businesses secure funding with favorable terms. Their experienced team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. Located in Chubbuck, Idaho, they serve a broad client base across the region, supporting industries such as professional services, retail, and healthcare. Whether you're a startup or an established business, Idaho Central CU aims to facilitate your growth with flexible financing options and personalized service. Their commitment to community development and small business success makes them a reliable choice for SBA loans and other financial products.
Serves SBA borrowers in 2 states
Idaho Central CU has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries Idaho Central CU finances
Business types Idaho Central CU actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Idaho Central CU
What is this place and what can I find here?
This is a financial institution offering SBA loan programs and small business financing solutions, providing expert guidance and personalized service to help your business grow.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
Idaho Central CU's Chubbuck branch is open Monday-Friday 9am-6pm (lobby) or 8:30am-6pm (drive-thru), and Saturday 9am-3pm for both. Confirm with the branch for holiday hours.
Is there a fee to use this?
There are no fees for simply visiting or consulting; fees apply only when you proceed with a loan or financial service.
Who is this open to — anyone, or only residents/members?
This lender primarily serves small businesses in the region, and eligibility depends on meeting specific loan criteria.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of around 650 is generally preferred for loan approval.
How long does the traditional underwriting process take from start to close?
The process typically takes 30 to 60 days, depending on the complexity of the loan and completeness of application materials.
Is this open on weekends?
Yes, Idaho Central CU's Chubbuck branch is open on Saturdays 9am-3pm for both lobby and drive-thru service. Contact them to confirm current weekend hours.
How do I get there and where do I park?
Idaho Central CU is located in Idaho — 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.
Who owns or operates this listing?
This page is an independent directory listing for Idaho Central CU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Idaho Central CU itself, which runs its own lending under its own ownership. If you work at Idaho Central CU, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Idaho Central CU — 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 Idaho Central CU before applying. If you represent Idaho Central CU, claim this listing to keep its information up to date.
How do I contact this listing directly?
For general inquiries: (208) 478-3300 or memberservice@iccu.com. For SBA business loans: 1-800-456-5067 or contact the Commercial Lending Team at iccu.com/business/contact/commercial-lending-team/. Confirm with ICCU.
What core industries does this lender traditionally choose to finance?
Based on its approved SBA loans, Idaho Central CU most often finances businesses in construction & contractors, restaurants & food service, medical practices & clinics, general retail, automotive repair & services, and manufacturing. This reflects Idaho Central CU'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 Idaho Central CU which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this lender?
Yes, Idaho Central CU offers SBA Express loans. Contact their Commercial Lending Team at 1-800-456-5067 to confirm current terms and eligibility.
Does this lender have Preferred Lender Provider status with the government?
Yes, Idaho Central CU has SBA Preferred Lender status, allowing faster loan approvals without individual SBA review. Confirm current PLP status with their Commercial Lending Team.
Are start-up companies eligible for financing at this lender?
Yes, Idaho Central CU finances startup companies through their SBA loan programs, including SBA 7(a) loans. Contact their Commercial Lending Team at 1-800-456-5067 to discuss startup eligibility.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Idaho Central CU what down payment it expects for your specific commercial real estate purchase.
Does this lender impose prepayment penalties on short-term working capital facilities?
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 Idaho Central CU to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this lender to buy out an existing equity partner?
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 Idaho Central CU to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Idaho Central CU weighs this case by case under its own policy, so be upfront about your history and ask Idaho Central CU how it evaluates prior bankruptcies.
