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Coosa Valley CU

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Description

Coosa Valley CU offers comprehensive SBA lending services designed to support small businesses in securing vital funding for growth and expansion. With a focus on the 7A loan program, they provide flexible financing options tailored to meet diverse business needs. Their team works closely with clients to understand their unique circumstances and craft loan solutions that align with their goals. The bank specializes in supporting small to medium-sized enterprises, offering competitive approval amounts up to $2,637,700. Located in Rome, Georgia, they serve local businesses with a personalized approach, ensuring efficient processing and favorable terms. Their expertise extends across various industries, with a particular strength in supporting retail, manufacturing, and service sectors. Whether you’re looking for working capital, equipment financing, or real estate loans, Coosa Valley CU is equipped to help navigate the SBA loan process from application to approval. They prioritize customer service and aim to foster long-term relationships with their clients, making them a trusted partner for small business financing needs.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.4
Google Review Count
501
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and small business financing solutions. You can find personalized support, expert guidance, and a variety of loan options to help your business grow and succeed.
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-in consultations may also be accommodated during business hours.
Question 3
What are the hours of operation?
Answer 3
Typically, the bank operates from 9 am to 5 pm, Monday through Friday, but hours may vary, so it"s best to contact them directly for confirmation.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to inquire about SBA loans or to begin the application process; however, standard loan fees and closing costs may apply upon approval.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and residents within the region, but eligibility depends on meeting specific loan criteria and credit requirements.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 650 is generally preferred, but final decisions are based on overall creditworthiness and business factors.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 60 days, depending on the complexity of the loan and completeness of the application.
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