Barksdale FCU
Barksdale FCU is an active SBA lender in Louisiana, a credit union offering SBA-guaranteed small-business loans. Currently rated 4.8 stars across 244 Google reviews.
$4M
in SBA approvals since 2011
10
SBA loans funded
Hotels & Lodging · Manufacturing · Fitness & Recreation
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Barksdale FCU
Barksdale FCU offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. As a trusted financial institution, it provides various loan programs, including SBA 7(a), to help entrepreneurs access capital with favorable terms. The bank specializes in serving small to medium-sized businesses, offering personalized guidance throughout the loan process. With a focus on community development, Barksdale FCU supports local businesses by providing flexible financing options, competitive interest rates, and dedicated customer service. Whether you're starting a new venture or expanding an existing one, their team is committed to helping you achieve your business goals with tailored financial solutions. Their expertise in SBA loans ensures that clients receive expert advice and support at every stage of the borrowing process, making it easier to secure the funding needed for success.
Common questions about Barksdale FCU
What is this place and what can I find here?
This is a community-focused financial institution offering SBA loan programs and small business financing solutions designed to help entrepreneurs grow and succeed.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated service, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
Barksdale FCU's main operating hours are Monday through Friday 8:30 AM to 7 PM. Hours may vary by location across their 30+ branches in Louisiana, East Texas, and Arkansas — confirm specific branch hours by calling 800-647-2328.
Is there a fee to use this?
There are application and closing fees associated with SBA loans, but these are disclosed upfront during the application process.
Who is this open to — anyone, or only residents/members?
This lender primarily serves small business owners within its regional community, but SBA loan programs are available nationwide to qualified applicants.
What minimum personal credit score does this lender look for in a guarantor?
A minimum credit score of 620 is generally preferred, though other factors are also considered during underwriting.
How long does the traditional underwriting process take from start to close?
The process typically takes around 30 to 60 days, depending on the completeness of documentation and loan complexity.
Is this open on weekends?
Yes, Barksdale FCU is open on Saturdays from 9 AM to 1 PM. Sunday hours are not listed on their website — contact them directly to confirm.
How do I get there and where do I park?
Barksdale FCU is located in Louisiana — 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 Barksdale FCU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Barksdale FCU itself, which runs its own lending under its own ownership. If you work at Barksdale FCU, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Barksdale 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 Barksdale FCU before applying. If you represent Barksdale FCU, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Barksdale FCU by phone at (318) 629-8360 or online at bfcu.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 Barksdale FCU before relying on them.
What core industries does this lender traditionally choose to finance?
Like most SBA lenders, Barksdale 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 Barksdale 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 Barksdale FCU participates in SBA Express depends on its specific SBA lending authority. Contact Barksdale 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. Barksdale 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. Barksdale FCU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Barksdale 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 Barksdale 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 Barksdale 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 Barksdale 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. Barksdale FCU weighs this case by case under its own policy, so be upfront about your history and ask Barksdale FCU how it evaluates prior bankruptcies.
