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California Federal Credit Union

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses through various loan programs. With a focus on the 7A loan program, it provides funding solutions for business expansion, working capital, and acquisition needs. The bank is equipped to handle loan requests up to $773,100, making it suitable for a wide range of business sizes and industries. Its experienced team guides clients through the application process, ensuring clarity and efficiency. Located in Glendale, California, the bank combines local expertise with national lending capabilities, making it a reliable partner for entrepreneurs seeking SBA-backed financing. The institution emphasizes personalized service and flexible terms to meet the unique needs of each borrower. Whether you’re starting a new venture or expanding an existing one, this lender aims to facilitate your growth with tailored financial products and expert support.

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Lender Type

Commercial Bank

Google Rating

3.6

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a commercial bank offering SBA loan programs, including the 7A loan, to support small business growth and development. You can find personalized financial services, expert guidance, and funding solutions tailored to your business needs.

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-ins may also be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

The bank typically operates Monday through Friday from 9:00 AM to 5:00 PM, but hours may vary, so it"s best to contact ahead of your visit.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply visiting or consulting; fees are associated with loan processing, application, and servicing, which are disclosed upfront.

Question 5

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

Answer 5

This bank primarily serves small business owners and entrepreneurs, with lending eligibility based on creditworthiness and business qualifications, not residency alone.

Question 6

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

Answer 6

A minimum personal credit score of around 680 is generally preferred, though higher scores improve approval chances.

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 application and completeness of documentation.

California Federal Credit Union

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