PFCU
Description
PFCU offers comprehensive SBA financing options tailored to meet the needs of small businesses seeking growth capital or working capital solutions. With a focus on supporting local entrepreneurs, this institution provides a range of loan programs including the SBA 7(a) and 504, designed to facilitate business expansion, equipment purchase, or real estate acquisition. Their experienced team guides clients through the application process, ensuring clarity and support at every step. Whether you’re a startup or an established business, PFCU aims to foster economic development in the Portland area and beyond, offering flexible terms and competitive rates to help your business succeed.
Location
Review
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Q&A
Lender Type
Commercial Bank
Google Rating
4.7
Google Review Count
344
Question 1
What is this place and what can I find here?
Answer 1
This is a trusted SBA lender offering small business loans including 7(a) and 504 programs, providing support for business growth and expansion in the Portland area.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated service, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Typically, the office operates Monday through Friday from 9 am to 5 pm, but it"s best to contact ahead for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There are standard fees associated with SBA loans, including application and guarantee fees, which vary based on the loan specifics.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small business owners in the Portland region, with eligibility based on loan criteria and creditworthiness.
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 typically preferred, but higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.