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CoVantage CU

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Description

CoVantage CU offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on personalized service, they assist clients through the SBA 7(a) loan program, providing funding options up to $95,000 for qualifying businesses. Their team understands the unique needs of small enterprises and works diligently to facilitate smooth approval processes, helping entrepreneurs access capital for various purposes including working capital, equipment, or expansion projects. Located in Antigo, Wisconsin, they serve local businesses and are committed to fostering economic growth within their community. Their expertise extends to supporting startups and established companies alike, ensuring flexible terms and competitive rates. Whether you’re looking to purchase inventory, refinance debt, or invest in new facilities, CoVantage CU is dedicated to helping small businesses succeed with tailored financial solutions.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.4
Google Review Count
237
Question 1
What is this place and what can I find here?
Answer 1
This is a local SBA lender offering small business loans and financial services to entrepreneurs in the Antigo area. You can find information about loan programs, application processes, and personalized support for your business needs.
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 are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The lender operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply consulting or applying for SBA loans, though standard loan-related fees may apply upon approval.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves local residents and small business owners within Wisconsin, but some services may be available to out-of-state applicants with qualifying criteria.
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 between 30 to 45 days, depending on the completeness of your application and documentation.
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