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Leading Edge Credit Union

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Description

Leading Edge Credit Union offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, they assist clients through various SBA programs, including the popular 7(a) loan program. Their team is dedicated to helping businesses secure funding with competitive terms and flexible options, making the process straightforward and accessible. Located in Worthington, MN, they serve local businesses while also supporting a broader regional community. Whether you’re looking for working capital, equipment financing, or real estate loans, Leading Edge Credit Union provides solutions designed to meet diverse business needs. Their expertise in SBA lending ensures that clients receive guidance from application to approval, streamlining the journey toward business success. The credit union’s commitment to fostering local economic growth is evident in their tailored approach and dedicated support for small business owners.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.2
Google Review Count
74
Question 1
What is this place and what can I find here?
Answer 1
This is a local SBA lender offering small business financing options, including the 7(a) program, with personalized support to help your business grow and succeed.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Typically, they operate from 9 am to 5 pm, Monday through Friday, but it"s best to call ahead for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees apply only if you proceed with a loan application or other services.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves local residents and small business owners in the Worthington area and surrounding regions.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required to qualify for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 45 days, depending on the completeness of your application and supporting documents.
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