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Hoosier Hills CU

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Description

Hoosier Hills CU offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on supporting local entrepreneurs, this institution provides various loan options, including SBA 7(a) loans, to help fund business expansion, equipment purchase, or working capital needs. Their experienced team guides clients through the application process, ensuring clarity and efficiency. Located in Bedford, Indiana, they serve the surrounding community with personalized financial solutions designed to meet diverse business requirements. The bank emphasizes strong relationships and community involvement, making it a trusted partner for small business owners in the region. They support a wide range of industries, with particular strength in agriculture and related sectors, given their NAICS code 111419. Whether you’re starting a new venture or expanding an existing one, Hoosier Hills CU provides accessible and flexible financing options to help your business succeed.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.9
Google Review Count
61
Question 1
What is this place and what can I find here?
Answer 1
This is a community-oriented financial institution offering SBA loan programs and personalized banking services to support small business growth in Bedford and surrounding areas.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are standard fees associated with loan processing and closing, which will be detailed during your application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves residents and small business owners within the region, but eligibility is based on loan 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 required, though other factors are also considered.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the completeness of your application and documentation.
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