Jovia Financial FCU

This is a financial institution offering SBA loan programs and small business financing solutions, providing expert guidance to help entrepreneurs secure funding.

It is recommended to schedule an appointment to ensure dedicated service, but walk-ins may be accommodated depending on availability.

The branch operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.

There are no fees for consulting or initial inquiries; loan fees depend on the specific financing arrangement.

This institution primarily serves members of the credit union, but small business clients outside the membership may also be eligible for certain services.

A minimum personal credit score of 650 is generally preferred, though other factors are also considered.

The underwriting process typically takes approximately 30 to 45 days, depending on the complexity of the loan and completeness of documentation.

Most credit unions keep weekday business hours and are closed on weekends, and Jovia Financial FCU 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 Jovia Financial FCU to confirm current weekend availability before you go.

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

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

You can reach Jovia Financial FCU by phone at (516) 561-0030 or online at jovia.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 Jovia Financial FCU before relying on them.

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