Oklahoma’s Federal Credit Union
Description
Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with a range of loan programs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their expertise includes SBA 7(a) loans, which are ideal for a variety of business purposes, and they have a history of approving substantial loan amounts, with the largest recorded approval reaching $285,400. Located in Oklahoma City, they serve local entrepreneurs and small business owners, helping them access the capital necessary for growth and success.
Location
Review
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Q&A
Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
87
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA loan programs and small business financing options to help entrepreneurs grow and succeed.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment, but walk-ins are also welcome depending on availability.
Question 3
What are the hours of operation?
Answer 3
Hours typically are Monday through Friday from 9 am to 5 pm, but it"s best to confirm directly with the branch.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees apply to loan processing and services as per standard banking practices.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves small business owners and residents within its regional service area, but eligibility depends on specific loan 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 650 is generally required for loan approval.
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 complexity of the application and completeness of documentation.