Go Back

Maine State CU

Maine State CU offers comprehensive SBA lending services tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, this institution provides various loan options, including SBA 7(a) loans, to help fund expansion, equipment purchases, and working capital needs. Located in Augusta, Maine, they are committed to fostering economic development within the community. Their experienced team guides clients through the application process, ensuring clarity and support at every step. Specializing in small business financing, Maine State CU leverages its strong local presence to deliver personalized solutions that align with your business goals. Whether you’re a startup or an established enterprise, their lending programs are designed to meet diverse needs, backed by competitive rates and flexible terms. They also support a range of industries, with particular strength in sectors like manufacturing and retail. The institution prides itself on quick turnaround times and dedicated customer service, making it a reliable partner for your business growth journey.

Review

There are no reviews yet.

Lender Type

Commercial Bank

Google Rating

3.1

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a community-focused financial institution offering SBA loan programs and small business financing solutions tailored to local entrepreneurs and small businesses in Maine.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It is recommended to schedule an appointment to ensure dedicated service, but walk-in consultations may be available during business hours.

Question 3

What are the hours of operation?

Answer 3

Standard hours are Monday through Friday, 9 am to 5 pm, but hours may vary by location and appointment schedules.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for initial consultations; loan fees and interest rates are determined based on the specific loan terms.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This institution primarily serves residents and small businesses within Maine, especially those affiliated with the credit union membership.

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 consideration.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

Typically, the underwriting process takes approximately 30 to 45 days, depending on the complexity of the loan and completeness of the application.

Maine State CU

Description

Location

Review

Q&A