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Potlatch No. 1 Financial Credit Union

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Description

Potlatch No. 1 Financial Credit Union offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on personalized service, they assist entrepreneurs in securing funding through various SBA programs, including the popular 7(a) loan program. Their team provides expert guidance on loan application processes, ensuring clients understand eligibility requirements and the documentation needed. Located in Lewiston, Idaho, this credit union emphasizes community-based banking and supports local economic development. They serve a diverse range of industries, with particular strength in the construction sector, and are committed to helping small businesses thrive through flexible lending options. Whether you’re looking for working capital, equipment financing, or real estate loans, they aim to deliver solutions that meet your unique business needs. Their experienced staff is dedicated to fostering long-term relationships and providing ongoing support for your business success.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
65
Question 1
What is this place and what can I find here?
Answer 1
This is a credit union that provides banking and SBA lending services to small businesses in Lewiston, Idaho, helping them access funding for growth and development.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated service, but walk-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The branch operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
Fees may apply depending on the services used; specific fee details are provided during the loan application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
Membership is generally open to residents of the Lewiston area and small business owners within the community.
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 required, though this can vary based on the loan and applicant profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process usually takes between 2 to 4 weeks, depending on the completeness of documentation and loan complexity.
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