Jordan Federal Credit Union

This is a community-focused financial institution offering SBA loans and small business banking services to support local entrepreneurs and small businesses with tailored financing options.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.

The branch operates from 9:00 AM to 5:00 PM, Monday through Friday.

There are no fees for simply visiting or consulting; fees apply to specific banking services and loans as outlined in the agreement.

This institution primarily serves members and residents of the local community, though some services may be available to non-members upon request.

A minimum personal credit score of around 650 is typically preferred, but approval considers overall financial health and collateral as well.

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

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

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

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

You can reach Jordan Federal Credit Union by phone at (801) 566-4195 or online at jordan-cu.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 Jordan Federal Credit Union before relying on them.

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