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Community 1st CU

OTTUMWA, IA 52501

82
Loans Approved
$10.8M
Total Volume
$132K
Avg Loan Size
2
States Served

States Served

IowaMissouri

Top Industries Financed

  • Supermarkets and Other Grocery (except Convenience) Stores
  • General Freight Trucking, Local
  • Fitness and Recreational Sports Centers
  • Travel Trailer and Camper Manufacturing
  • Landscaping Services

Quick Summary

Community 1st CU is an SBA-approved lender headquartered in OTTUMWA, Iowa. Since 2020, they have approved 82 SBA 7(a) loans totaling $10.8M, with an average loan size of $132K. They serve businesses across 2 states.

About Community 1st CU

Community 1st CU is an SBA-approved lender headquartered in OTTUMWA, Iowa. Since 2020, they have approved 82 SBA 7(a) loans totaling $10.8M, with an average loan size of $132K. They serve businesses across 2 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Community 1st CU an SBA Preferred Lender?

Community 1st CU is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Community 1st CU approved?

According to SBA FOIA public records, Community 1st CU has approved 82 SBA 7(a) loans totaling $10.8M since 2020. Their average loan size is $132K.

What states does Community 1st CU serve?

Community 1st CU serves businesses in 2 states: Iowa, Missouri.

How do I apply for an SBA loan with Community 1st CU?

To apply for an SBA 7(a) loan with Community 1st CU, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days