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Hudson Valley Federal Credit Union

Hudson Valley Federal Credit Union
Hudson Valley Federal Credit Union

Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan options tailored to meet diverse needs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide personalized guidance throughout the application process. Their experienced team is dedicated to helping entrepreneurs navigate SBA programs, ensuring access to competitive rates and favorable terms. With a focus on building long-term relationships, they serve a wide range of industries and business sizes, emphasizing community development and economic growth. Their commitment extends to providing flexible financing solutions, including SBA 7(a) loans, to help businesses thrive and achieve their goals. Located in Poughkeepsie, NY, they are well-positioned to serve the local business community and beyond, leveraging their extensive knowledge of SBA lending requirements to assist clients effectively.

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Q&A

Lender Type
Commercial Bank
Google Rating
2.4
Google Review Count
17
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and small business financing solutions. You can find expert guidance, personalized service, and access to funding options tailored to your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Typically, they operate from 9 am to 5 pm, Monday through Friday, but it"s best to contact the branch directly for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic consultation services; however, loan application and closing costs may apply depending on the financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves members and small business owners within the region, focusing on community-based support.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally required to qualify for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
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