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Credit Union 1

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with a variety of loan options, including the popular 7(a) program. Whether you’re seeking funding for expansion, working capital, or equipment purchase, they provide tailored solutions to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and efficiency. With a focus on small business growth, they serve a diverse range of industries and have a proven track record of approving substantial loans, with approvals reaching up to $184,000. Their commitment to accessible financing makes them a reliable partner for entrepreneurs seeking flexible funding options.

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Lender Type

Commercial Bank

Google Rating

4.6

Google Review Count

303

Question 1

What is this place and what can I find here?

Answer 1

This is a commercial bank offering SBA loans, including the 7(a) program, to support small business growth. You can find information about loan options, application processes, and industry support tailored to entrepreneurs" needs.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may be accommodated based on availability. Calling ahead can save you time and ensure you meet with the right specialist.

Question 3

What are the hours of operation?

Answer 3

Typically, the bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s advisable to check with the branch directly for specific hours or any holiday closures.

Question 4

Is there a fee to use this?

Answer 4

There may be application and service fees associated with SBA loans, but these are clearly outlined during the application process. The bank provides transparent fee structures for all loan products.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This lender primarily serves small business owners and entrepreneurs, with eligibility based on creditworthiness and business criteria, not just residency or membership status.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of around 640 is generally required, though higher scores improve approval chances and loan terms.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

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

Credit Union 1

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