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Rural Community Assistance Corporation

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Description

Offering specialized financial services for small businesses and community development projects, this lender provides a range of SBA loan options designed to support growth and stability. With a focus on underserved communities, it helps entrepreneurs access capital through various SBA programs, including the popular 7(a) loan program. The institution emphasizes personalized service, guiding clients through the application process and ensuring they understand the requirements and benefits of each loan type. Its expertise in SBA lending makes it a reliable partner for small business owners seeking funding for expansion, equipment, or working capital. Located in West Sacramento, it serves a broad geographic area, with a commitment to fostering economic development and supporting local entrepreneurs. The team is dedicated to helping clients navigate complex lending processes, offering advice tailored to each business’s unique needs. Whether you’re starting a new venture or expanding an existing one, this lender provides the resources and support necessary to achieve your goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.4
Google Review Count
9
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution that offers SBA loans and support for small businesses and community projects, providing expert guidance through the lending process.
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
The office operates Monday through Friday from 9:00 AM to 5:00 PM, with appointments available outside regular hours upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting or consulting; fees are associated with loan processing and are disclosed upfront during application.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small businesses and community organizations within its geographic region, but eligibility depends on meeting specific loan 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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