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Holyoke CU

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Description

Holyoke CU offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, equipment, or operational needs. With a focus on personalized service, they assist clients through the SBA 7(a) loan program, providing funding solutions up to $500,000. Their team specializes in understanding the unique challenges faced by small businesses and works diligently to facilitate access to capital, whether for expansion, working capital, or refinancing. Located in Holyoke, Massachusetts, they serve the local community and surrounding regions, emphasizing community development and economic growth. Their experienced staff guides borrowers through the application process, ensuring clarity and support at every step. Holyoke CU is committed to fostering small business success through flexible lending options and dedicated customer service, making them a reliable partner for entrepreneurs in the area.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
77
Question 1
What is this place and what can I find here?
Answer 1
This is a local credit union that provides SBA loan options and financial services designed to support small businesses in the Holyoke 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 assistance, but walk-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The branch is typically open Monday through Friday from 9:00 AM to 5:00 PM, but hours may vary, so it"s best to contact ahead.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, loan processing and closing may involve standard fees disclosed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This credit union primarily serves its members, which include residents of the Holyoke area and affiliated communities.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 or higher is generally preferred for loan eligibility.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and documentation provided.
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