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Marion & Polk Schools CU

Offering comprehensive SBA loan services, this commercial bank specializes in supporting small businesses with various financing options. Located in Salem, Oregon, it provides tailored lending solutions to meet diverse business needs, including working capital, equipment financing, and real estate purchases. The bank has a history of approving loans up to $79,100, demonstrating its commitment to helping small enterprises grow and succeed. With a focus on the NAICS code 561730, it primarily serves the educational and training services sector, but also supports a broad range of industries. Its experienced lending team guides clients through the application process, ensuring clarity and efficiency. Whether you’re a startup or an established business, this bank offers personalized service to help you achieve your financial goals. Its SBA program history with the 7A loan program highlights its expertise in government-backed lending, making it a reliable partner for small business owners seeking flexible financing options.

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Lender Type

Commercial Bank

Google Rating

3.8

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Question 1

What is this place and what can I find here?

Answer 1

This is a trusted SBA lender offering small business loans, including 7A loans, with personalized support to help your business grow and succeed.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with appointment options outside regular hours upon request.

Question 4

Is there a fee to use this?

Answer 4

There are standard application and processing fees associated with SBA loans, which are transparently disclosed during the application process.

Question 5

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

Answer 5

This bank primarily serves small business owners in Oregon, but eligibility is based on loan criteria and creditworthiness.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of 620 is generally required to qualify for SBA loans through this lender.

Question 7

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

Answer 7

The underwriting process typically takes between 30 to 60 days, depending on the completeness of the application and supporting documents.

Marion & Polk Schools CU

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