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Prestamos CDFI, LLC

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Description

Prestamos CDFI, LLC offers specialized financial services focused on small business lending, with a strong emphasis on community development and support for underserved markets. They provide SBA loans, including the popular 7(a) program, to help entrepreneurs access capital for growth, expansion, or startup needs. Located in Phoenix, AZ, this institution is dedicated to fostering economic development through flexible loan options and personalized service. Their team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. With a history of approving loans up to $221,000, Prestamos CDFI, LLC is a reliable partner for small business owners seeking SBA-backed financing solutions. The bank’s mission centers on empowering local businesses and contributing to the economic vitality of the region, making it a valuable resource for entrepreneurs in Arizona and beyond.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.5
Google Review Count
130
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused financial institution offering SBA-backed loans and small business financing options. You can find personalized support and access to capital to help grow your business.
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 officer, but walk-ins may also be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There may be application and closing fees associated with loan processing, but these are disclosed upfront and vary by loan type.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves small businesses and entrepreneurs in Arizona, with a focus on community development and underserved markets.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 640 is preferred, but other factors are also considered.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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