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Highmark FCU

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Description

Highmark FCU offers comprehensive financial services tailored to small businesses seeking SBA-backed loans, including the popular 7(a) program. With a focus on supporting local entrepreneurs, this institution provides flexible financing options to help start or expand your business. Their team is dedicated to guiding clients through the loan process, ensuring clarity and support at every step. Whether you’re looking for working capital, equipment financing, or real estate loans, Highmark FCU can assist in securing the funding you need. They understand the unique challenges faced by small businesses and are committed to fostering growth within the community. Their experienced staff works closely with borrowers to tailor solutions that meet specific business needs, making them a reliable partner for your financial journey.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
101
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution that provides SBA-backed loans and banking services tailored to small businesses in the Rapid City area. You can find assistance with business financing, loans, and community banking support here.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for basic inquiries, but specific loan applications may involve processing fees. Please contact the bank for detailed fee information.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves members of Highmark FCU and residents of the Rapid City area seeking SBA financing.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred, but approval depends on the overall financial profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the loan application.
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