Hometown CU
Hometown CU is an active SBA lender in North Dakota, a credit union offering SBA-guaranteed small-business loans.
$698K
in SBA approvals since 2019
5
SBA loans funded
Childcare & Early Education · Bars & Nightlife
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Hometown CU
Hometown CU offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on community banking, they provide flexible loan options, including the SBA 7(a) program, to help entrepreneurs access the capital they need. Their team is dedicated to guiding clients through the application process, ensuring clear communication and personalized service. Located in Kulm, North Dakota, they serve local businesses and contribute to regional economic development. Whether you're looking for working capital, equipment financing, or real estate loans, Hometown CU strives to meet your unique business needs with competitive rates and terms.
Common questions about Hometown CU
What is this place and what can I find here?
This is a community bank offering SBA loan programs and personalized banking services designed to support small businesses in the Kulm area.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.
What are the hours of operation?
Hometown CU's North Dakota branches operate Monday through Friday from 8:00 AM to 5:00 PM. Please confirm current hours with the lender.
Is there a fee to use this?
There are no fees for accessing basic banking services; however, loan application and closing fees may apply depending on the loan type.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners in the Kulm community and surrounding areas.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of 640 or higher is generally required for loan consideration.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 45 days, depending on the completeness of your application and documentation.
Is this open on weekends?
Hometown CU's branches are not open on weekends; all locations operate Monday through Friday only. Please confirm with the lender.
How do I get there and where do I park?
Hometown CU is located in North Dakota — see the contact card for the full address. Most credit union locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Hometown CU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Hometown CU itself, which runs its own lending under its own ownership. If you work at Hometown CU, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Hometown CU — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Hometown CU before applying. If you represent Hometown CU, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can contact Hometown CU via branch-specific email addresses: ashley@hcuonline.com, kulm@hcuonline.com, hazelton@hcuonline.com, lincoln@hcuonline.com, or medina@hcuonline.com, in addition to phone at (701) 647-2448. Please confirm directly with the lender.
What core industries does this lender traditionally choose to finance?
Like most SBA lenders, Hometown CU can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each credit union sets its own industry preferences and may avoid sectors it considers higher risk. Ask Hometown CU directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this lender?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Hometown CU participates in SBA Express depends on its specific SBA lending authority. Contact Hometown CU and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this lender have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established credit unions hold PLP status, but it varies by institution. Hometown CU can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this lender?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Hometown CU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Hometown CU directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Hometown CU what down payment it expects for your specific commercial real estate purchase.
Does this lender impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Hometown CU to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this lender to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Hometown CU to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Hometown CU weighs this case by case under its own policy, so be upfront about your history and ask Hometown CU how it evaluates prior bankruptcies.
