Neighborhood Trust Federal Credit Union

This is a community-focused financial institution offering SBA loan programs and personalized banking services to support small business growth and development.

It is recommended to schedule an appointment for personalized service, but walk-ins are also welcome during business hours.

Hours typically are Monday through Friday, 9 am to 5 pm, but it's best to contact the branch directly for specific hours.

Fees vary depending on the services and loans; detailed fee information is provided during the application process.

Services are primarily available to small business owners and community members within the region.

A minimum credit score of around 640 is generally preferred, but approval depends on overall financial health and application details.

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

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

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

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

You can reach Neighborhood Trust Federal Credit Union at (212) 740-0900 or email businessloans@neighborhoodtrustfcu.org for business lending inquiries, or visit neighborhoodtrustfcu.org.

Based on its approved SBA loans, Neighborhood Trust Federal Credit Union most often finances businesses in general retail, cleaning, landscaping & janitorial, and restaurants & food service. This reflects Neighborhood Trust 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 Neighborhood Trust 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 Neighborhood Trust Federal Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Neighborhood Trust 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. Neighborhood Trust Federal Credit Union can confirm its current PLP standing — ask before you apply if speed matters to you.

Neighborhood Trust Federal Credit Union finances startups that have been operating for at least 2 years. Loans up to $20,000 are available to qualifying startups, self-employed individuals, and street vendors; larger loans are for established startups. Contact them to confirm current eligibility.

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 Neighborhood Trust 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 Neighborhood Trust 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 Neighborhood Trust 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. Neighborhood Trust Federal Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Neighborhood Trust Federal Credit Union how it evaluates prior bankruptcies.