Texell CU

This is a commercial bank offering SBA loan programs to small businesses. You can find support for business expansion, equipment financing, and real estate purchases, with personalized service tailored to your needs.

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

Texell CU is open Monday through Friday, 8:00 a.m. to 6:00 p.m., and Saturday, 9:00 a.m. to 2:00 p.m. Confirm specific SBA lending department hours directly with the lender.

There are application and closing fees associated with SBA loans, but these are clearly outlined during the application process.

This lender primarily serves small business owners in the Temple, TX area, but they may consider applicants from surrounding regions with qualifying criteria.

A minimum personal credit score of around 640 is generally preferred, though higher scores improve approval chances.

The process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Texell CU is open Saturdays from 9:00 a.m. to 2:00 p.m. (text available until 1:00 p.m.). Contact the lender directly to confirm if SBA lending staff are available on weekends.

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

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

You can reach Texell CU by phone at (254) 773-1604, email at services@texell.org, or via live chat on their website. For SBA loans specifically, ask for their business lending department.

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