Resource One CU

This is a community-focused bank offering SBA loan services to small businesses, providing guidance and funding options to support growth and expansion.

You can walk in during business hours or schedule an appointment for personalized assistance with your SBA loan application.

The bank operates Monday through Friday from 9 am to 5 pm, with extended hours by appointment.

There may be fees associated with loan processing, guarantee fees, and closing costs, which vary based on the loan terms.

This service is primarily available to small business owners in the Dallas area, but eligibility depends on meeting SBA and bank criteria.

A minimum personal credit score of around 650 is typically required, though higher scores improve approval chances.

The underwriting process usually takes between 30 to 60 days, depending on the completeness of the application and documentation.

Most credit unions keep weekday business hours and are closed on weekends, and Resource One CU 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 Resource One CU to confirm current weekend availability before you go.

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

The core details for Resource One 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 Resource One CU before applying. If you represent Resource One CU, claim this listing to keep its information up to date.

You can reach Resource One CU by phone at (800) 375-3674 or online at r1cu.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 Resource One CU before relying on them.

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