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Last Updated: 04/18/2025

Leominster Credit Union SBA 504 Loans

from Leominster Credit Union

Last Updated: 04/18/2025
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APR (Variable APR)

N/A(Verified 01/09/2024)
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Loan Term (Months)

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Leominster Credit Union SBA 504 Loans Review

Leominster Credit Union SBA 504 Loans is a business financing offering by Leominster Credit Union, based in Leominster, MA. Founded in 1954, Leominster Credit Union offers access to small business loans in 50 states (and Washington, DC).

Leominster Credit Union SBA 504 Loans FAQ

What are Leominster Credit Union SBA 504 Loans rates?

Leominster Credit Union SBA 504 Loans offers a variable APR business financing product but they do not disclose their rates.

Does Leominster Credit Union SBA 504 Loans charge an origination fee?

Yes, Leominster Credit Union SBA 504 Loans charges a loan origination fee .

Does Leominster Credit Union SBA 504 Loans charge prepayment fees?

Yes, Leominster Credit Union SBA 504 Loans may charge additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a business loan product because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.

What do you need to qualify for Leominster Credit Union SBA 504 Loans?

Leominster Credit Union SBA 504 Loans requires companies to be in business for at least month
Leominster Credit Union SBA 504 Loans does not require or does not disclose a credit score minimum.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Leominster Credit Union SBA 504 Loans.
To qualify, applicants may need to provide the following documentation:
  • Proof of income
  • Business financial statements
  • Driver's license or other government photo ID
  • Government issued photo ID
  • Proof of identity
  • Proof of citizenship or residence permit
  • Proof of residence

Does Leominster Credit Union SBA 504 Loans report your account activity to credit bureaus?

Yes, Leominster Credit Union SBA 504 Loans reports to the following credit bureaus:
  • Equifax
  • Experian
  • TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.

Does Leominster Credit Union perform a hard credit pull?

Yes, Leominster Credit Union SBA 504 Loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

20 Adams St
Leominster, MA 01453
(800) 649-4646
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Email Support

Hours of Operation

SundayClosedMonday8:30AM - 5:00PMTuesday8:30AM - 5:00PMWednesday8:30AM - 5:00PMThursday8:30AM - 6:00PMFriday8:30AM - 5:00PMSaturday8:30AM - 12:00PM

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Savings Accounts

5 products

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Business Lines of Credit

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Commercial Mortgage

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Credit Cards

8 products

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Auto Loans

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Home Equity Lines of Credit

2 products

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Home Equity Loans

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Home Mortgage Loans

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Other Business Loans from Leominster Credit Union

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Leominster CU Business Term Loans
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Amount Range

N/A

APR

N/A

Loan Term (Months)
Up to 120
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Availability

Available in 50 states and Washington, D.C.

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

SuperMoney Net Recommendation Score

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