First Community CU

This is a branch of First Community Credit Union offering SBA loan programs and small business financial services to support local entrepreneurs and business growth.

You can walk in during business hours or schedule an appointment for personalized service with their small business lending team.

The branch operates Monday through Friday from 9 am to 5 pm, with additional appointment options available outside regular hours.

There are no fees for accessing basic banking services; specific loan fees depend on the loan terms and amount.

This branch primarily serves members of First Community Credit Union, but SBA loan programs are available to qualified small businesses nationwide.

A minimum credit score of around 640 is generally preferred, though approval depends on overall financial health and business strength.

The underwriting process typically takes 30 to 45 days, depending on the completeness of application and supporting documentation.

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

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

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

You can reach First Community CU by phone at (701) 252-0360 or online at myfccu.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 CU before relying on them.

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