Service FCU
Service FCU is an active SBA lender in New Hampshire, a credit union offering SBA-guaranteed small-business loans. Currently rated 2.8 stars across 33 Google reviews.
$12M
in SBA approvals since 2011
109
SBA loans funded
Restaurants & Food Service · Construction & Contractors · Hotels & Lodging
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Service FCU
Service FCU offers comprehensive SBA lending services to support small businesses in securing vital funding for growth and expansion. With a focus on the 7A loan program, they assist clients in obtaining up to $50,000 for various business needs, including working capital, equipment, or real estate. Their experienced team provides personalized guidance throughout the loan process, ensuring clients understand their options and requirements. Located in Portsmouth, NH, they serve local entrepreneurs and small business owners, helping them navigate the complexities of SBA loans with ease. The bank emphasizes quick turnaround times and flexible lending criteria to meet the unique needs of each borrower. Whether you're a startup or an established business, Service FCU is committed to fostering economic development in the community by providing accessible and reliable financing solutions.
Serves SBA borrowers in 2 states
Service FCU has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries Service FCU finances
Business types Service FCU actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Service FCU
What is this place and what can I find here?
This is a community-focused financial institution offering SBA loan programs and small business banking services. You can find support for business growth, financing options, and personalized banking assistance tailored to small business needs.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins are also welcome during business hours.
What are the hours of operation?
Service FCU Portsmouth operates Monday–Wednesday 9:00 AM to 5:00 PM and Thursday–Friday 9:00 AM to 6:00 PM. Please confirm hours with the lender.
Is there a fee to use this?
There are no fees to visit the branch, but loan application and processing fees may apply depending on the services used.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and members of the community, with a focus on supporting small businesses in the Portsmouth area.
What minimum personal credit score does this lender look for in a guarantor?
Typically, a minimum personal credit score of 650 is preferred, but the overall financial profile will also be considered.
How long does the traditional underwriting process take from start to close?
The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of the application and supporting documentation.
Is this open on weekends?
Service FCU Portsmouth is open Saturday 9:00 AM to 1:00 PM and closed Sunday.
How do I get there and where do I park?
Service FCU is located in New Hampshire — 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 Service FCU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Service FCU itself, which runs its own lending under its own ownership. If you work at Service FCU, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Service 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 Service FCU before applying. If you represent Service FCU, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Service FCU by phone at (800) 936-7730 or online at servicecu.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 Service FCU before relying on them.
What core industries does this lender traditionally choose to finance?
Based on its approved SBA loans, Service FCU most often finances businesses in construction & contractors and cleaning, landscaping & janitorial. This reflects Service FCU'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 Service FCU which sectors 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 Service FCU participates in SBA Express depends on its specific SBA lending authority. Contact Service FCU 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. Service FCU 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. Service FCU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Service FCU 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 Service FCU 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 Service FCU 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 Service FCU 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. Service FCU weighs this case by case under its own policy, so be upfront about your history and ask Service FCU how it evaluates prior bankruptcies.
