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Black Hills FCU

Black Hills FCU offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on the Rapid City community and beyond, they provide SBA 7(a) loans that help entrepreneurs access funding for various purposes, including working capital, equipment, and real estate. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank is committed to fostering local economic development by supporting small business owners with flexible loan options and competitive terms. Whether you’re a startup or an established business, Black Hills FCU aims to meet your unique financing needs with personalized service and expertise. Their SBA lending program is designed to empower businesses to thrive and succeed in a competitive marketplace, making them a reliable partner for your financial journey.

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Lender Type

Commercial Bank

Google Rating

2.5

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loan programs and small business banking services designed to support local entrepreneurs and business owners.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It is 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

Typically, they operate from 9:00 AM to 5:00 PM, Monday through Friday, but it"s best to confirm directly with the branch.

Question 4

Is there a fee to use this?

Answer 4

There are no fees to access basic banking services; however, specific loan application fees may apply depending on the service.

Question 5

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

Answer 5

This institution primarily serves members of the credit union, but SBA loan programs are available to qualified small businesses regardless of membership status.

Question 6

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

Answer 6

They generally look for a minimum personal credit score of around 650, but 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 application and completeness of documentation.

Black Hills FCU

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