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Freedom CU

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Freedom CU
Freedom CU

Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan programs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. With a focus on small business growth, they facilitate access to capital through SBA-backed loans, ensuring competitive terms and flexible repayment options. Their experienced team guides clients through the application process, helping navigate SBA requirements and optimize approval chances. Serving the Springfield area and beyond, they are committed to fostering local economic development and supporting entrepreneurs at every stage of their business journey.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
57
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs, business banking services, and financial guidance to small businesses. You can access various funding options, including SBA 7(a) loans, and receive personalized support to help your business grow.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit.
Question 3
What are the hours of operation?
Answer 3
The branch is typically open from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays or special occasions, so it"s best to contact the branch directly for confirmation.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or opening a business account. Fees may apply for certain services or loan processing, which will be disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the Springfield area and surrounding regions, though some services may be available to non-residents 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 640 is generally recommended, but approval depends on overall financial health and business performance.
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 your application and the complexity of your loan request.
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