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Freedom First Federal Credit Union

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Description

Offering a range of banking services tailored to small businesses and individuals, this financial institution provides SBA lending options to support business growth and development. With a focus on community banking, it offers personalized service and flexible financing solutions, including SBA 7(a) loans for various business needs such as working capital, equipment purchase, and real estate acquisition. The institution is committed to helping entrepreneurs access capital efficiently, with a streamlined application process and dedicated support staff. Its SBA program history reflects a strong track record of facilitating small business loans, making it a reliable partner for local business owners seeking growth opportunities. Whether you’re starting a new venture or expanding an existing one, this lender provides the financial tools necessary to achieve your goals. The institution also offers guidance on loan eligibility, application procedures, and repayment terms, ensuring borrowers are well-informed throughout the process.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
36
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused financial institution offering SBA loans and banking services tailored to small businesses and individuals in the Roanoke area. You can access financing options, banking support, and expert guidance to help grow your business or manage personal finances effectively.
Question 2
Do I need an appointment or can I walk in?
Answer 2
You can walk in during business hours or schedule an appointment for more personalized service. It"s recommended to call ahead to ensure availability and prepare any necessary documentation.
Question 3
What are the hours of operation?
Answer 3
The branch operates Monday through Friday from 9:00 AM to 5:00 PM. Hours may vary on holidays, so it"s best to check ahead or contact the branch directly.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for basic banking services, but loan processing and application fees may apply depending on the specific loan product. Always review the fee schedule before proceeding.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves members of the community and small business owners in the region. Membership and eligibility requirements apply for certain services and loans.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 650 is preferred, but requirements may vary based on the loan type and applicant profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of the application and the complexity of the loan.
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