First Community Credit Union

This is a financial institution offering SBA loan services, including the 7(a) program, tailored to small business needs in Chesterfield, Missouri. You can find personalized support and various financing options to help grow your business.

It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome depending on availability. Calling ahead can help streamline your visit.

The typical hours are Monday through Friday from 9 am to 5 pm, but it’s best to check with the branch directly for specific times or after-hours appointments.

There may be fees associated with loan processing and service charges, but these are generally disclosed upfront during the application process.

This institution primarily serves members of the credit union, which includes residents and small business owners in the local community.

A minimum personal credit score of around 650 is typically preferred, but this can vary based on the specific loan and borrower profile.

The underwriting process usually takes between 2 to 4 weeks, depending on the complexity of the application and completeness of submitted documentation.

Most credit unions keep weekday business hours and are closed on weekends, and First Community Credit Union 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 First Community Credit Union to confirm current weekend availability before you go.

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

The core details for First Community Credit Union — 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 Community Credit Union before applying. If you represent First Community Credit Union, claim this listing to keep its information up to date.

You can reach First Community Credit Union by phone at (636) 728-3333 or online at firstcommunity.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 First Community Credit Union before relying on them.

Based on its approved SBA loans, First Community Credit Union most often finances businesses in manufacturing. This reflects First Community Credit Union'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 First Community Credit Union 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 First Community Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact First Community Credit Union 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 Community Credit Union can confirm its current PLP standing — ask before you apply if speed matters to you.

First Community Credit Union offers SBA loans for starting small businesses, guaranteed by the Small Business Administration — confirm eligibility and terms directly with their lending team.

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 Community Credit Union 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 Community Credit Union 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 Community Credit Union 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 Community Credit Union weighs this case by case under its own policy, so be upfront about your history and ask First Community Credit Union how it evaluates prior bankruptcies.