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Ladysmith Federal Savings & Loan Association

Ladysmith Federal Savings & Loan Association
Ladysmith Federal Savings & Loan Association

Description

Ladysmith Federal Savings & Loan Association offers comprehensive banking services tailored to small businesses seeking SBA financing options. With a focus on supporting local entrepreneurs, this institution provides SBA 7(a) loans, which are ideal for business acquisitions, working capital, and equipment financing. Their experienced team guides clients through the application process, ensuring clarity and support at every step. The bank’s commitment to community development is reflected in their flexible lending criteria and personalized service. Whether you’re starting a new venture or expanding an existing business, Ladysmith Federal Savings & Loan Association is equipped to help you secure the funding you need. They also support SBA microloans and have a history of approving substantial loan amounts, up to $122,400, for qualifying applicants. Located in Ladysmith, WI, they serve local businesses with a focus on fostering economic growth and stability in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.9
Google Review Count
20
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank that offers SBA loans and banking services tailored for small businesses, helping entrepreneurs secure funding for growth and development.
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 officer, but walk-ins are also accommodated during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 4:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
Fees vary depending on the service or loan product; detailed fee information is provided during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the Ladysmith community and surrounding areas.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 or higher is generally preferred for loan eligibility.
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 the application and documentation provided.
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