Liberty First CU
Liberty First CU is an active SBA lender in Nebraska, a credit union offering SBA-guaranteed small-business loans. Currently rated 4.0 stars across 135 Google reviews.
About Liberty First CU
Liberty First CU offers comprehensive banking services tailored to small businesses seeking SBA financing options. They provide support for various loan programs, including the SBA 7(a) loan program, to help entrepreneurs secure funding for growth, working capital, or acquisitions. With a focus on personalized service, they assist clients through the entire loan process, ensuring clarity and efficiency. Their team is experienced in navigating SBA requirements, making it easier for small business owners to access the capital they need. Located in Lincoln, NE, they serve local businesses with a commitment to community development and financial success. Whether you're starting a new venture or expanding an existing one, Liberty First CU is equipped to support your business goals with flexible lending solutions.
Common questions about Liberty First CU
What is this place and what can I find here?
This is a community-focused bank offering SBA loans and small business banking services to support local entrepreneurs and business owners.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment for personalized service, but walk-ins are also welcome during business hours.
What are the hours of operation?
Liberty First CU operates Monday through Friday from 9:00 AM to 5:00 PM, with Saturday hours from 9:00 AM to 12:00 PM. Confirm exact branch hours directly with them.
Is there a fee to use this?
Fees vary depending on the service or loan; consult with a representative for detailed fee information.
Who is this open to — anyone, or only residents/members?
Services are primarily available to local residents and small business owners in the Lincoln area.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of around 650 is generally preferred, but it can vary based on the loan application.
How long does the traditional underwriting process take from start to close?
The process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of documentation.
Is this open on weekends?
Liberty First CU is open Saturday mornings from 9:00 AM to 12:00 PM and closed Sundays. Confirm directly for SBA lending staff availability on Saturdays.
How do I get there and where do I park?
Liberty First CU is located in Nebraska — 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.
Who owns or operates this listing?
This page is an independent directory listing for Liberty First CU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Liberty First CU itself, which runs its own lending under its own ownership. If you work at Liberty First CU, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Liberty First 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 Liberty First CU before applying. If you represent Liberty First CU, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Liberty First CU at (402) 465-1000, toll-free at 1-855-501-4600, or email [email protected]. For SBA loans, contact their business lending team at any of these channels.
What core industries does this lender traditionally choose to finance?
Like most SBA lenders, Liberty First CU 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 Liberty First CU directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this lender?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Liberty First CU participates in SBA Express depends on its specific SBA lending authority. Contact Liberty First CU and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this lender have Preferred Lender Provider status with the government?
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. Liberty First CU can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this lender?
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. Liberty First CU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Liberty First CU directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Liberty First CU what down payment it expects for your specific commercial real estate purchase.
Does this lender impose prepayment penalties on short-term working capital facilities?
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 Liberty First CU to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this lender to buy out an existing equity partner?
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 Liberty First CU to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Liberty First CU weighs this case by case under its own policy, so be upfront about your history and ask Liberty First CU how it evaluates prior bankruptcies.
