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Texell CU

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various funding options. They provide tailored loan programs including the SBA 7(a) and 504, designed to meet diverse business needs such as working capital, equipment purchase, and real estate acquisition. Their experienced team works closely with clients to navigate the application process, ensuring a smooth experience from start to finish. With a focus on personalized service, they help entrepreneurs secure the capital necessary to grow and succeed. Located in Temple, Texas, they serve local businesses and have a strong understanding of regional market dynamics. Their loan offerings include flexible terms and competitive rates, making them a reliable partner for small business owners seeking financial growth. Whether you’re just starting out or expanding an existing operation, they are committed to providing accessible and efficient lending solutions to foster business development in the community.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.7
Google Review Count
834
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs to small businesses. You can find support for business expansion, equipment financing, and real estate purchases, with personalized service tailored to your needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Typically, the bank operates Monday through Friday from 9 am to 5 pm, but it"s best to confirm directly with the branch.
Question 4
Is there a fee to use this?
Answer 4
There are application and closing fees associated with SBA loans, but these are clearly outlined during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small business owners in the Temple, TX area, but they may consider applicants from surrounding regions with qualifying criteria.
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 preferred, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
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