Columbia Community CU
Description
Offering a range of commercial banking services, this institution specializes in SBA loans to support small businesses’ growth and development. With a focus on the 7(a) loan program, it provides tailored financing solutions for various business needs, including working capital, equipment purchases, and real estate acquisitions. The bank is committed to helping entrepreneurs access the capital they need to succeed, leveraging its expertise in SBA lending to streamline the approval process and offer competitive terms. Whether you’re a startup or an established business, this lender aims to be a reliable partner in your financial journey, providing personalized service and guidance throughout the loan process.
Location
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Q&A
Lender Type
Commercial Bank
Google Rating
3.9
Google Review Count
123
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused SBA lender offering small business loans, including 7(a) financing, to support local entrepreneurs and businesses in the region. You can find personalized guidance, competitive loan options, and assistance with your business funding needs here.
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-in consultations may be available during business hours. Contact the branch in advance to confirm availability and set up a meeting.
Question 3
What are the hours of operation?
Answer 3
The branch operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays, so it"s best to call ahead or check their website for current information.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting with the bank, but loan applications and processing may involve fees such as application fees or closing costs, which will be disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small business owners and entrepreneurs within its regional area, but eligibility for SBA loans is 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 personal credit score of 650 is generally preferred, though higher scores may improve the chances of approval and better loan terms.
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 application and completeness of documentation.