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Clearwater FCU

Offering comprehensive SBA loan services, this financial institution specializes in supporting small businesses through various lending programs. With a focus on the SBA 7(a) loan program, it provides funding solutions tailored to meet the needs of entrepreneurs seeking capital for growth, equipment, or working capital. The bank’s experienced team guides clients through the application process, ensuring they understand the requirements and benefits of SBA-backed financing. Located in Missoula, Montana, it serves local businesses with personalized service and flexible lending options. The institution also offers expertise in commercial banking, including deposit accounts, treasury management, and other financial services to support business operations. Its commitment to small business success is reflected in its ability to approve loans up to $250,000, making it a reliable partner for startups and established companies alike. The bank’s strategic focus on SBA programs helps bridge the gap for businesses that may not qualify for traditional financing, fostering economic growth within the community.

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Lender Type

Commercial Bank

Google Rating

3.6

Google Review Count

109

Question 1

What is this place and what can I find here?

Answer 1

This is a local bank offering SBA loans and small business banking services, helping entrepreneurs secure funding and manage their finances effectively.

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-ins are also welcome during business hours.

Question 3

What are the hours of operation?

Answer 3

The bank operates Monday through Friday from 9 am to 5 pm, with some services available by appointment outside regular hours.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply visiting or consulting; fees may apply for specific banking services or loan processing.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This bank primarily serves local residents and small businesses within the community, but membership or residency may be required for certain services.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

Typically, a minimum personal credit score of 650 is preferred, though it may vary based on the loan type and borrower profile.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process usually takes between 2 to 4 weeks, depending on the complexity of the loan and completeness of the application.

Clearwater FCU

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