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Air Academy Federal Credit Union

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Description

Offering a range of SBA loan programs tailored to small businesses, this financial institution provides expert guidance and flexible financing options. Whether you’re seeking funding for expansion, equipment, or working capital, they support your growth with personalized service and competitive rates. Their experienced team understands the unique needs of small businesses and works to streamline the application process, ensuring quick approvals and efficient funding. With a focus on community and small business development, they are committed to helping entrepreneurs succeed in Colorado Springs and beyond. The bank’s SBA program offerings include 7(a) loans, which are ideal for a variety of business purposes, and they have a history of approving substantial loan amounts, with approvals reaching over $1.17 million. Their dedicated SBA lending team is ready to assist you from application to funding, providing clear guidance every step of the way.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
295
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that specializes in SBA loans, providing small businesses with financing options such as 7(a) loans. You can find expert guidance, personalized service, and funding solutions designed to help your business grow and succeed.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Calling ahead can help you prepare and streamline the process.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM. It’s best to contact them directly for specific appointment times or after-hours services.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, loan application and processing fees may apply depending on the loan type and terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and members within the Colorado Springs area, but they also support regional clients seeking SBA financing.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 620 is preferred, but approval depends on overall financial health and business performance.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes around 30 to 45 days, depending on the completeness of your application and supporting documents.
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