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River Works CU

River Works CU offers comprehensive SBA lending services, specializing in supporting small businesses with funding solutions tailored to various needs. Whether you’re seeking growth capital, equipment financing, or working capital, this institution provides flexible options to help your business thrive. With a focus on the SBA 7(a) program, they facilitate loans up to $3,690,000, making them a strong partner for businesses looking for substantial funding. Their experienced team guides clients through the application process, ensuring clarity and support at every step. Located in Lynn, Massachusetts, they serve a broad range of industries, emphasizing personalized service and local expertise. Their commitment to small business success is evident in their tailored loan programs and dedicated customer service. If you’re a small business owner in need of SBA-backed financing, River Works CU is equipped to assist with your funding needs, providing both expertise and flexibility to help you achieve your business goals.

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Lender Type

Commercial Bank

Google Rating

3.4

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a community-focused SBA lender offering small business loans, including SBA 7(a) financing, to support local entrepreneurs and business growth in the Lynn 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 service, but walk-ins may be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

Typically, they operate from 9 am to 5 pm, Monday through Friday, but it"s best to call ahead for specific hours.

Question 4

Is there a fee to use this?

Answer 4

There may be fees associated with loan processing and closing, but these are clearly outlined during the application process.

Question 5

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

Answer 5

This lender primarily serves members and small business owners in the Lynn area, with a focus on local community support.

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 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 typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of documentation.

River Works CU

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