Reliant Community FCU
Reliant Community FCU is an active SBA lender in New York, a credit union offering SBA-guaranteed small-business loans. Currently rated 4.8 stars across 169 Google reviews.
About Reliant Community FCU
Reliant Community FCU offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on community-oriented banking, they provide SBA 7(a) loans that help entrepreneurs access capital for various needs including working capital, equipment purchases, and real estate acquisitions. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The institution emphasizes personalized service and flexible lending options, making it a reliable partner for small business owners in the Sodus area and beyond. They support businesses across multiple sectors, with a strong emphasis on community development and local economic growth. Whether you are a startup or an established business, Reliant Community FCU is committed to helping you achieve your financial goals with tailored SBA solutions.
Industries Reliant Community FCU finances
Business types Reliant Community FCU actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Reliant Community FCU
What is this place and what can I find here?
This is a community-focused financial institution offering SBA loans and banking services tailored to small businesses in the region, providing support for growth and development.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated assistance, but walk-in consultations may also be accommodated depending on availability.
What are the hours of operation?
Typically, hours are Monday through Friday from 9:00 am to 5:00 pm, but it is best to contact the branch directly for specific hours.
Is there a fee to use this?
There may be fees associated with certain services or loan processing, but these are disclosed upfront and vary depending on the specific product.
Who is this open to — anyone, or only residents/members?
This institution primarily serves members of the community and local small business owners within its regional service area.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of around 650 is generally preferred, but other factors may also be considered.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
Most credit unions keep weekday business hours and are closed on weekends, and Reliant Community 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 Reliant Community FCU to confirm current weekend availability before you go.
How do I get there and where do I park?
Reliant Community FCU is located in New York — 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 Reliant Community FCU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Reliant Community FCU itself, which runs its own lending under its own ownership. If you work at Reliant Community FCU, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Reliant Community 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 Reliant Community FCU before applying. If you represent Reliant Community FCU, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Reliant Community FCU by phone at (800) 724-9282 or online at reliantcu.com — 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 Reliant Community FCU before relying on them.
What core industries does this lender traditionally choose to finance?
Based on its approved SBA loans, Reliant Community FCU most often finances businesses in general retail. This reflects Reliant Community 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 Reliant Community FCU which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this lender?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Reliant Community FCU participates in SBA Express depends on its specific SBA lending authority. Contact Reliant Community FCU and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this lender have Preferred Lender Provider status with the government?
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. Reliant Community FCU can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this lender?
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. Reliant Community FCU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Reliant Community FCU directly whether it considers start-up loans.
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 Reliant Community FCU 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 Reliant Community FCU 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 Reliant Community FCU 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. Reliant Community FCU weighs this case by case under its own policy, so be upfront about your history and ask Reliant Community FCU how it evaluates prior bankruptcies.
