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Seaboard FCU

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Description

Seaboard FCU offers comprehensive SBA lending services tailored to small businesses seeking financing solutions. With a focus on supporting local entrepreneurs, this financial institution provides SBA 7(a) loans, which are ideal for working capital, equipment purchases, or expansion projects. Their team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. The bank’s expertise in SBA programs helps businesses access funds up to $200,000, making it a valuable resource for small business growth and development. Located at 177 Main St in Bucksport, Maine, Seaboard FCU is committed to fostering economic vitality in the community. They also offer personalized financial advice and flexible loan terms to accommodate various business models and industries. Whether you’re a startup or an established enterprise, their dedicated staff can assist in navigating the complexities of SBA lending, helping you secure the capital necessary to achieve your business goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
15
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 personalized banking services to support small businesses in Bucksport, Maine.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment for detailed discussions, 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 may be fees associated with certain services or loan applications; please consult with the bank for specific details.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves members and small business owners within the community and surrounding areas.
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 overall financial health and business viability.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 2 to 4 weeks, depending on the complexity of the loan and completeness of documentation.
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