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IH Mississippi Valley Credit Union

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan programs designed to foster growth and stability. With a focus on the 7A loan program, they provide funding solutions for a wide range of business needs including working capital, equipment purchase, and real estate acquisition. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. Located in Moline, IL, they serve local entrepreneurs and small business owners, helping them access capital to expand their operations. The bank’s commitment to small business success is reflected in their tailored loan options, competitive rates, and personalized service. Whether you’re starting a new venture or looking to grow an existing business, they offer the financial support necessary to achieve your goals. Their expertise in SBA loans makes them a trusted partner for small business financing in the region, with a proven track record of approving substantial loan amounts up to $280,000. They are dedicated to helping businesses thrive by providing accessible and flexible lending solutions that meet diverse needs.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
107
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs and small business financing solutions, helping entrepreneurs access capital for growth and development.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment, but walk-ins may be accommodated depending on staff availability. Contact the branch to confirm the best way to visit.
Question 3
What are the hours of operation?
Answer 3
The branch operates Monday through Friday from 9:00 AM to 5:00 PM. Hours may vary on holidays or special occasions, so it’s best to call ahead.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting with the bank; fees may apply for specific loan services or account maintenance.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves members of the credit union, but non-members may be eligible to join and access services.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum credit score of around 640 is generally preferred, but approval depends on the overall financial profile and business strength.
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 completeness of application and supporting documents.
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