First Heritage Federal Credit Union

This is a commercial bank offering SBA loan services, including the SBA 7(a) program, to help small businesses secure funding for growth and expansion. You can find personalized banking solutions and access to small business financing tailored to your needs.

It's recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome depending on availability. Contact the branch ahead of time for the best experience.

The branch operates Monday through Friday from 9:00 AM to 5:00 PM. Hours may vary on holidays, so it's best to check ahead before visiting.

There are no fees for simply visiting the branch, but loan processing and service fees may apply depending on your specific financial needs. Consult with a representative for detailed fee information.

This credit union primarily serves members and residents of the region, but eligibility requirements apply. Membership is open to certain communities and organizations within the area.

A minimum personal credit score of around 650 is generally preferred, but approval depends on the overall financial profile and supporting documentation.

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

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

First Heritage Federal Credit Union 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.

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

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

You can reach First Heritage Federal Credit Union by phone at (607) 936-4667 or online at fhfcu.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 Heritage Federal Credit Union before relying on them.

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