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SeaComm Federal Credit Union

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Description

Offering a range of financial services, this institution specializes in SBA loans to support small businesses’ growth and development. With a focus on small business financing, it provides tailored solutions to meet diverse needs, including working capital, equipment purchase, and real estate acquisition. The institution is committed to serving the local community and fostering economic development through accessible lending options. Its experienced team guides borrowers through the application process, ensuring clarity and support at every step. The bank’s SBA program history includes a strong track record of successful approvals, particularly under the 7A loan program, with approval amounts reaching up to $100,000. Whether you are an established business or a startup, this lender offers flexible terms and personalized service to help you achieve your business goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.8
Google Review Count
38
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and small business financing options. You can find support for business growth, equipment purchases, and real estate funding tailored to small businesses in the region.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated service, but walk-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The typical hours are Monday through Friday, 9 am to 5 pm, but it is best to contact the branch directly for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There may be application and closing fees associated with loans; these are disclosed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves local small business owners and members within the region, but eligibility criteria apply based on loan programs.
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 generally required, though standards may vary based on the loan type.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and supporting documents.
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