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Levo Federal Credit Union

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Description

Levo Federal Credit Union offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and operations. With a focus on personalized service, they provide various loan options including SBA 7(a) loans to meet diverse business needs. Their experienced team guides clients through the application process, ensuring clarity and support at every step. Located in Sioux Falls, SD, they serve local entrepreneurs as well as businesses across the region, emphasizing community development and financial empowerment. The credit union specializes in small business financing, offering competitive rates and flexible terms to help businesses succeed. Whether you’re looking for working capital, equipment financing, or expansion funding, Levo Federal Credit Union is committed to supporting your business goals with tailored solutions and dedicated service. Their SBA programs are designed to facilitate access to capital for small businesses, fostering growth and stability in the local economy.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
95
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 support for business growth, working capital, and expansion needs, along with expert guidance through the application process.
Question 2
Do I need an appointment or can I walk in?
Answer 2
Appointments are recommended to ensure dedicated time with a loan specialist, but walk-ins are also welcome during business hours. It’s best to call ahead to schedule a consultation.
Question 3
What are the hours of operation?
Answer 3
Typically, the branch operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays or special occasions, so checking ahead is advised.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, loan applications and services may involve standard fees and interest rates based on the specific financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves members and local small business owners in the Sioux Falls area, but eligibility for certain services may vary 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 qualifications.
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 the complexity of the loan request.
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