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Olympia Federal Savings and Loan Association

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Description

Offering comprehensive SBA loan services, Olympia Federal Savings and Loan Association specializes in supporting small businesses with financing options tailored to their needs. Located in Olympia, Washington, this financial institution provides expertise in SBA 7(a) loans, helping entrepreneurs secure funding for growth, equipment, and working capital. Their team is dedicated to guiding clients through the application process, ensuring a smooth experience from start to finish. With a focus on community banking, they serve local businesses with personalized service and flexible lending solutions. Whether you’re a startup or an established enterprise, they aim to foster economic development in the region by providing accessible SBA financing options.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
26
Question 1
What is this place and what can I find here?
Answer 1
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.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
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.
Question 4
Is there a fee to use this?
Answer 4
Fees may apply for certain banking services and loan processing; specific fee details are provided during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small businesses in the Olympia area, focusing on community development and local entrepreneurship.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is typically preferred, but approval can depend on overall financial health and business viability.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes 2 to 4 weeks, depending on the completeness of your application and supporting documents.
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