Olympia Federal Savings and Loan Association

This is a community-focused bank offering SBA loan programs and banking services designed to support small businesses in Olympia, Washington. You can find assistance with financing, business banking, and personalized support tailored to your needs.

It is recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-ins are also welcome during business hours.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays or special occasions, so it's best to call ahead.

Fees may apply for certain banking services and loan processing; specific fee details are provided during the application process.

This bank primarily serves residents and small businesses in the Olympia area, focusing on community development and local entrepreneurship.

A minimum personal credit score of around 640 is typically preferred, but approval can depend on overall financial health and business viability.

The underwriting process generally takes 2 to 4 weeks, depending on the completeness of your application and supporting documents.

Most banks keep weekday business hours and are closed on weekends, and Olympia Federal Savings and Loan Association typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Olympia Federal Savings and Loan Association to confirm current weekend availability before you go.

Olympia Federal Savings and Loan Association is located in Washington — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Olympia Federal Savings and Loan Association, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Olympia Federal Savings and Loan Association itself, which runs its own lending under its own ownership. If you work at Olympia Federal Savings and Loan Association, you can claim this listing from this page to manage it.

The core details for Olympia Federal Savings and Loan Association — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Olympia Federal Savings and Loan Association before applying. If you represent Olympia Federal Savings and Loan Association, claim this listing to keep its information up to date.

You can reach Olympia Federal Savings and Loan Association by phone at (360) 754-3400, online at olyfed.com, or submit an inquiry through their contact form at olyfed.com/contact/.

Like most SBA lenders, Olympia Federal Savings and Loan Association can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Olympia Federal Savings and Loan Association directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Olympia Federal Savings and Loan Association participates in SBA Express depends on its specific SBA lending authority. Contact Olympia Federal Savings and Loan Association and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Olympia Federal Savings and Loan Association can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Olympia Federal Savings and Loan Association's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Olympia Federal Savings and Loan Association directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Olympia Federal Savings and Loan Association what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Olympia Federal Savings and Loan Association to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Olympia Federal Savings and Loan Association to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Olympia Federal Savings and Loan Association weighs this case by case under its own policy, so be upfront about your history and ask Olympia Federal Savings and Loan Association how it evaluates prior bankruptcies.