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Granite FCU

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Description

Granite FCU offers comprehensive SBA lending solutions tailored to small businesses seeking financial support for growth, expansion, or operational needs. As a trusted financial partner, it provides a variety of loan programs designed to meet diverse business requirements, including SBA 7(a) loans which are ideal for working capital, equipment purchase, or real estate acquisition. The credit union emphasizes personalized service, guiding borrowers through the application process and ensuring they understand the terms and benefits of each loan product. With a focus on community and member support, Granite FCU aims to foster economic development within its service area while maintaining competitive rates and flexible repayment options. Whether you’re a startup or an established business, the institution is committed to helping you access the capital necessary to succeed and grow your enterprise.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
200
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused financial institution offering SBA lending solutions, including 7(a) loans, to support small business growth and development in the Salt Lake City area.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The branch operates Monday through Friday from 9:00 AM to 5:00 PM, with extended hours by appointment upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for consultation; however, loan application and processing fees may apply depending on the loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves its members, who are typically residents or small business owners within the community.
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 preferred, but approval depends on overall financial health and collateral.
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 the application and documentation provided.
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