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Mid-Atlantic Federal Credit Union

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Description

Offering comprehensive financial services tailored to small businesses and members, this credit union provides SBA loan options to support growth and expansion. With a focus on personalized banking solutions, it helps clients secure funding through the SBA 7(a) program, among others, facilitating access to capital for various business needs. The institution is committed to serving the local community in Germantown, Maryland, offering expertise in SBA lending, deposit accounts, and financial planning. Its experienced team guides clients through the application process, ensuring they understand loan terms and eligibility requirements. The credit union’s strong approval history demonstrates its dedication to supporting small business success, with approval amounts reaching up to $854,500. Whether you’re starting a new venture or expanding an existing business, this lender provides flexible financing options designed to meet diverse needs.

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Q&A

Lender Type
Commercial Bank
Google Rating
2.5
Google Review Count
53
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused financial institution offering SBA loans and personalized banking services designed to support small business growth and community 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 service, but walk-ins are also welcome during business hours.
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, but hours may vary, so it"s best to contact ahead.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the branch; however, certain banking services and loan applications may involve fees or charges.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
Membership is generally required, focusing on serving local residents, small business owners, and community members.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum credit score of around 650 is typically preferred, but other factors are also considered in the approval process.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process usually takes between 30 to 60 days, depending on the complexity of the loan and completeness of documentation.
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