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Lake Trust CU

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses through various loan programs. They provide tailored financing options to help entrepreneurs grow, expand, or start new ventures, with a focus on the needs of local businesses in the Brighton area. Their team is committed to guiding clients through the application process and ensuring they understand the terms and benefits of SBA loans, including the popular 7(a) program. Whether you’re seeking funding for equipment, working capital, or real estate, they aim to deliver flexible solutions with competitive rates. The bank’s expertise extends to supporting diverse industries, making them a reliable partner for small business owners looking for accessible and straightforward financing options. With a strong emphasis on customer service, they work closely with borrowers to facilitate smooth approvals and timely funding, helping local businesses thrive in a competitive marketplace.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
90
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs and financial services tailored for small businesses in the Brighton area. You can find assistance with SBA 7(a) loans, business financing, and personalized banking support to help grow your business.
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. Calling ahead can help streamline your visit.
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. It is advisable to confirm hours directly with the branch before visiting.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or inquiring; however, loan processing and service fees may apply depending on the specific financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves members and residents of the Brighton community and surrounding areas, with eligibility based on creditworthiness and business qualifications.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally preferred, but final decisions depend on overall financial health and business viability.
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.
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