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Five Star Credit Union

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Description

Five Star Credit Union offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, equipment, or operational needs. With a focus on personalized service, they assist clients through the SBA 7(a) program, providing flexible financing options up to $189,000. Their team understands the nuances of SBA loans and works closely with borrowers to streamline the application process, ensuring timely approval and funding. Located in Dothan, Alabama, they serve local businesses while also supporting regional economic development. Their expertise extends to various industries, with a strong emphasis on commercial real estate and equipment financing. Whether you’re starting a new venture or expanding an existing business, Five Star Credit Union is committed to helping you access the capital you need to succeed.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.9
Google Review Count
127
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs and financial services tailored for small businesses, including support for real estate, equipment, and working capital 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 service, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Typically, they are open Monday through Friday from 9 am to 5 pm, but it"s best to confirm with the branch directly.
Question 4
Is there a fee to use this?
Answer 4
Yes, fees may apply depending on the loan type and amount, but they are generally transparent and discussed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves members of the credit union, but non-members may be eligible after membership approval.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum credit score of around 650 is typically required, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The process usually takes approximately 2 to 4 weeks, depending on the complexity of the loan and completeness of documentation.
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