Workers FCU

This is a financial institution offering SBA loan programs and small business banking services. You can find support for business growth, expansion, and operational funding, along with personalized financial advice tailored to small businesses in the Littleton area.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be accommodated depending on availability.

Workers FCU's hours are Monday-Friday 8am-6pm and Saturday 9am-12pm; they are closed Sunday. Confirm specific hours or to schedule an appointment directly.

There are no fees to open an account or consult with their loan officers; however, loan products may have associated interest rates and closing costs.

This institution primarily serves members of Workers FCU, which includes residents and small business owners in the Littleton area, but membership eligibility is open to qualifying individuals and organizations.

A minimum credit score of 620 is generally preferred, but creditworthiness is assessed on a case-by-case basis considering overall financial health.

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

Workers FCU is open Saturday mornings from 9am to 12pm but closed on Sundays. Confirm weekend availability for business lending services directly with the credit union.

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

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

You can reach Workers FCU by phone at (800) 221-4020 or online at wcu.com — 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 Workers FCU before relying on them.

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