St. Lawrence FCU
St. Lawrence FCU is an active SBA lender in New York, a credit union offering SBA-guaranteed small-business loans.
About St. Lawrence FCU
Offering comprehensive financial services tailored for small businesses and community members, this institution provides a range of SBA loan options to support business growth and development. With a focus on small business financing, it helps entrepreneurs secure funding through the SBA 7(a) program, which is ideal for working capital, equipment purchases, or expansion projects. The bank's experienced team guides clients through the application process, ensuring they understand the requirements and benefits of SBA loans. Located in Ogdensburg, NY, it serves the local business community while also supporting regional economic development initiatives. The bank emphasizes personalized service, assisting clients in navigating the complexities of SBA lending to achieve their business goals. Whether you're starting a new venture or expanding an existing one, this lender offers flexible financing solutions to meet diverse needs. Their commitment to supporting small businesses is reflected in their dedicated SBA lending team and streamlined approval process, making it easier for borrowers to access the capital they need.
Common questions about St. Lawrence FCU
What is this place and what can I find here?
This is a community-focused bank offering SBA loans and small business financing solutions. You can find assistance with loan applications, personalized financial advice, and support for business growth initiatives.
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-in consultations may also be accommodated depending on availability.
What are the hours of operation?
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It's advisable to call ahead for specific appointment times or after-hours services.
Is there a fee to use this?
There are no fees for initial consultations; however, standard loan application and closing fees may apply depending on the financing arrangement.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners within the community and surrounding regions, with some services available to non-residents under specific conditions.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of 620 is generally required to qualify for SBA loans through this lender.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the loan and completeness of the application.
Is this open on weekends?
Most credit unions keep weekday business hours and are closed on weekends, and St. Lawrence 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 St. Lawrence FCU to confirm current weekend availability before you go.
How do I get there and where do I park?
St. Lawrence 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 St. Lawrence FCU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by St. Lawrence FCU itself, which runs its own lending under its own ownership. If you work at St. Lawrence FCU, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for St. Lawrence 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 St. Lawrence FCU before applying. If you represent St. Lawrence FCU, claim this listing to keep its information up to date.
How do I contact this listing directly?
Contact St. Lawrence FCU by email at info@stlawrfcu.com or phone at (315) 393-3530 to discuss SBA lending; confirm they can serve your needs.
What core industries does this lender traditionally choose to finance?
Like most SBA lenders, St. Lawrence FCU can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each credit union sets its own industry preferences and may avoid sectors it considers higher risk. Ask St. Lawrence FCU directly which industries 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 St. Lawrence FCU participates in SBA Express depends on its specific SBA lending authority. Contact St. Lawrence 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. St. Lawrence 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. St. Lawrence FCU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask St. Lawrence 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 St. Lawrence 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 St. Lawrence 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 St. Lawrence 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. St. Lawrence FCU weighs this case by case under its own policy, so be upfront about your history and ask St. Lawrence FCU how it evaluates prior bankruptcies.
