Go Back
Report Abuse

High Point Federal Credit Union

default
default

Description

High Point Federal Credit Union offers a range of SBA lending options designed to support small businesses in their growth and development. With a focus on serving local entrepreneurs, this institution provides tailored financing solutions including SBA 7(a) loans, which are ideal for working capital, equipment, or expansion projects. Their experienced lending team works closely with borrowers to understand their unique needs and facilitate smooth approval processes. The credit union emphasizes personalized service and flexible terms to help small businesses succeed in competitive markets. Whether you’re looking to purchase inventory, refinance debt, or invest in new facilities, they aim to provide accessible funding options to meet your business goals. Their commitment to community development makes them a trusted partner for local business owners seeking reliable financial support. The institution also offers guidance on SBA programs, ensuring clients understand their options and the application process. With a focus on small business growth, they are dedicated to fostering economic development within their service area, making them a valuable resource for entrepreneurs seeking SBA-backed financing.

Location

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
3.8
Google Review Count
43
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA-backed loans and small business financing services. You can find assistance with loan applications, business planning, and funding options tailored to small entrepreneurs.
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 officer, but walk-ins may be accommodated depending on staff availability.
Question 3
What are the hours of operation?
Answer 3
The branch operates from 9:00 AM to 5:00 PM, Monday through Friday. It is advisable to call ahead for specific appointment times or after-hours services.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or speak with staff; however, loan applications and services may involve fees or interest charges as outlined in the loan agreement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
Membership is generally limited to residents of the local community or members of affiliated groups, but eligibility criteria can vary. It"s best to inquire directly for membership requirements.
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 the final decision depends on the overall credit profile and business strength.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process usually takes approximately 2 to 4 weeks, depending on the completeness of documentation and loan complexity.
Scroll to Top