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Discovery Federal Credit Union

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Description

Discovery Federal Credit Union offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, they assist clients through the SBA 7(a) program, providing funding solutions up to $472,000 for qualifying businesses. Their team understands the unique challenges faced by small business owners and works to streamline the application process, ensuring quick and efficient access to capital. Located in Wyoming, Pennsylvania, they serve local entrepreneurs and businesses across various industries, emphasizing community development and financial stability. Whether you’re looking for working capital, equipment loans, or real estate financing, Discovery Federal Credit Union is committed to supporting your business goals with expert guidance and flexible lending options.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.6
Google Review Count
158
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused financial institution offering SBA loans, business banking services, and financial guidance for small businesses in the area.
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 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 check ahead for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic banking services, but loan applications and certain transactions may have associated fees disclosed during the process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
Membership is generally open to residents and small business owners within the community or those who meet specific eligibility criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 650 is typically preferred, but this can vary based on the loan and applicant profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The process usually takes between 2 to 4 weeks, depending on the complexity of the loan and completeness of the application.
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