Indiana Members CU
Description
Offering comprehensive SBA lending services, Indiana Members CU specializes in providing financial solutions tailored for small businesses. Whether you’re seeking funding for expansion, equipment, or working capital, this lender supports a variety of business needs with personalized service and competitive terms. Their expertise includes SBA 7(a) loans, which are ideal for a wide range of business purposes, and they have a strong track record of approving loans up to $100,000, making them a reliable partner for small business owners. Located in Indianapolis, Indiana, they serve local entrepreneurs and businesses across the region, helping to foster economic growth and business development.
Location
Review
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Q&A
Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
102
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA loan programs and financial services tailored for small businesses, including SBA 7(a) loans, with a focus on supporting local entrepreneurs and economic growth.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday, but it"s best to contact them directly for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; loan fees and rates vary based on the specific financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves its members and local small business owners within the region, with eligibility based on membership and business 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 640 is generally preferred, but approval depends on overall financial health and business prospects.
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 documentation and loan complexity.