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First Basin Credit Union

Odessa, TX 79764

2
Loans Approved
$2.2M
Total Volume
$1.1M
Avg Loan Size
1
States Served

States Served

Texas

Top Industries Financed

  • Hotels (except Casino Hotels) and Motels
  • Support Activities for Oil and Gas Operations

Quick Summary

First Basin Credit Union is an SBA-approved lender headquartered in Odessa, Texas. Since 2020, they have approved 2 SBA 7(a) loans totaling $2.2M, with an average loan size of $1.1M. They primarily serve Texas businesses.

About First Basin Credit Union

First Basin Credit Union is an SBA-approved lender headquartered in Odessa, Texas. Since 2020, they have approved 2 SBA 7(a) loans totaling $2.2M, with an average loan size of $1.1M. They primarily serve businesses in Texas.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is First Basin Credit Union an SBA Preferred Lender?

First Basin Credit Union 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 First Basin Credit Union approved?

According to SBA FOIA public records, First Basin Credit Union has approved 2 SBA 7(a) loans totaling $2.2M since 2020. Their average loan size is $1.1M.

What states does First Basin Credit Union serve?

First Basin Credit Union primarily serves businesses in Texas.

How do I apply for an SBA loan with First Basin Credit Union?

To apply for an SBA 7(a) loan with First Basin Credit Union, 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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