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People Driven CU

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Description

People Driven CU offers comprehensive SBA lending services tailored to meet the needs of small businesses seeking financial support. With a focus on the 7A loan program, they provide funding options for various business purposes, including working capital, equipment purchase, and real estate acquisition. Their team is dedicated to guiding clients through the application process, ensuring a smooth experience from start to finish. Located in Southfield, Michigan, they serve local entrepreneurs and small business owners, helping them access the capital necessary for growth and success. The bank’s expertise in SBA lending allows them to offer competitive terms and personalized service. Whether you’re a startup or an established business, People Driven CU is committed to supporting your financial goals with flexible lending solutions and expert advice. They understand the unique challenges faced by small businesses and aim to be a trusted partner in your journey toward success.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.6
Google Review Count
583
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs and financial services tailored to small businesses in the Southfield area. You can find support for business growth, equipment financing, and real estate purchases, along with expert guidance throughout the application process.
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 specialist, but walk-in consultations may be available during business hours.
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 special hours by appointment on weekends or evenings.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, standard loan application and processing fees may apply depending on the loan type and amount.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners in Michigan, with membership requirements for certain banking services.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally required for loan approval, though higher scores improve chances of favorable terms.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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