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Atlantic Regional Federal Credit Union

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Description

Specializing in small business financing, this financial institution offers a range of SBA loan programs tailored to meet the needs of entrepreneurs and business owners. Whether you’re seeking funding for expansion, equipment purchase, or working capital, they provide flexible options to support your growth. Their experienced team guides clients through the application process, ensuring clarity and efficiency. With a focus on personalized service, they help businesses navigate the complexities of SBA lending, making it easier to access the capital needed to succeed. The institution supports various industries, with particular strength in the arts and entertainment sector, given their NAICS code 711410. They have a history of approving loans up to $160,000, demonstrating their commitment to serving small to medium-sized enterprises. Located in South Portland, Maine, they are well-positioned to serve local businesses while also offering national reach for certain programs.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
24
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loans and small business financing options designed to help entrepreneurs grow their businesses. You can find assistance with loan applications, guidance on eligibility, and personalized support tailored to your needs.
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 specialist, but walk-ins may be accommodated depending on availability. Contact ahead of time for the best experience.
Question 3
What are the hours of operation?
Answer 3
The typical hours are Monday through Friday, 9:00 AM to 5:00 PM, but it"s best to call ahead to confirm or schedule an appointment outside of regular hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, standard loan application and processing fees may apply if you pursue financing.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves small business owners and entrepreneurs, with eligibility based on business criteria rather than residency alone.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum credit score of around 640 is generally preferred, though higher scores may improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of your application.
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