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Resource One CU

Resource One CU offers comprehensive SBA loan services tailored for small businesses seeking financial support for growth, expansion, or working capital. With a focus on personalized banking solutions, they assist clients in navigating the SBA 7(a) loan process, providing guidance from application to approval. Their experienced team understands the unique needs of small businesses and works diligently to facilitate funding up to $135,000, ensuring a smooth and efficient experience. Located in Dallas, Texas, they serve a diverse range of industries, emphasizing community development and small business success. Whether you’re starting a new venture or expanding an existing one, Resource One CU is dedicated to helping small businesses thrive through accessible SBA lending options.

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Lender Type

Commercial Bank

Google Rating

3.8

Google Review Count

215

Question 1

What is this place and what can I find here?

Answer 1

This is a community-focused bank offering SBA loan services to small businesses, providing guidance and funding options to support growth and expansion.

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.

Question 3

What are the hours of operation?

Answer 3

The bank operates Monday through Friday from 9 am to 5 pm, with extended hours by appointment.

Question 4

Is there a fee to use this?

Answer 4

There may be fees associated with loan processing, guarantee fees, and closing costs, which vary based on the loan terms.

Question 5

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

Answer 5

This service is primarily available to small business owners in the Dallas area, but eligibility depends on meeting SBA and bank 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 650 is typically 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 usually takes between 30 to 60 days, depending on the completeness of the application and documentation.

Resource One CU

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