First Commonwealth FCU

This is a financial institution that provides SBA loan programs and small business financing options designed to support local entrepreneurs and business owners in the region.

It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.

First Commonwealth FCU's Allentown location operates Monday through Friday from 9:00 AM to 5:00 PM, and Saturday from 9:00 AM to 1:00 PM for both lobby and drive-up services; please confirm with the lender.

There are no fees for initial consultations; however, standard loan application and processing fees may apply.

This service is primarily available to members of the credit union, which includes residents and small business owners in the region.

A minimum personal credit score of 620 is generally preferred for loan consideration.

The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and documentation provided.

Yes, the Allentown location is open on Saturdays from 9:00 AM to 1:00 PM for both lobby and drive-up services; please confirm current weekend hours with the lender.

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

The core details for First Commonwealth 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 First Commonwealth FCU before applying. If you represent First Commonwealth FCU, claim this listing to keep its information up to date.

You can reach First Commonwealth FCU by phone at (888) 821-2400 or online at firstcomcu.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 First Commonwealth FCU before relying on them.

Like most SBA lenders, First Commonwealth 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 First Commonwealth FCU directly which industries 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 First Commonwealth FCU participates in SBA Express depends on its specific SBA lending authority. Contact First Commonwealth FCU 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. First Commonwealth FCU 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. First Commonwealth FCU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask First Commonwealth FCU 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 First Commonwealth FCU 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 First Commonwealth FCU 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 First Commonwealth FCU 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. First Commonwealth FCU weighs this case by case under its own policy, so be upfront about your history and ask First Commonwealth FCU how it evaluates prior bankruptcies.