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HAPO Community CU

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Description

HAPO Community CU offers comprehensive SBA lending solutions tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, this institution provides various loan programs designed to meet diverse business needs, including working capital, equipment financing, and real estate purchases. Their experienced team guides clients through the application process, ensuring clarity and support at every step. The bank specializes in serving small to medium-sized enterprises, fostering economic development within the Richland community and beyond. Their SBA 7(a) program allows businesses to access funds with flexible terms, helping them expand operations, purchase inventory, or refinance existing debt. HAPO Community CU is committed to building strong relationships with its clients, offering personalized service and competitive rates. Whether you’re starting a new venture or growing an existing business, they aim to be a trusted partner in your success. Their dedication to community development and small business support makes them a valuable resource for entrepreneurs in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
271
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused financial institution offering SBA loan programs and small business banking services to support local entrepreneurs and business growth.
Question 2
Do I need an appointment or can I walk in?
Answer 2
You can walk in during business hours or schedule an appointment for personalized assistance with your SBA loan application or banking needs.
Question 3
What are the hours of operation?
Answer 3
The branch operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment on Saturdays.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for basic inquiries; however, specific loan applications may involve standard processing and service fees as outlined in the loan agreement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves members of the community and existing account holders, but non-members can also apply for SBA loans with proper documentation.
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 required, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the completeness of your application and documentation.
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