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Royal Credit Union

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Description

Specializing in small business financing, this financial institution offers a range of SBA loan programs designed to support entrepreneurs and business owners. Whether you’re seeking funding for expansion, equipment purchase, or working capital, they provide tailored solutions to meet your needs. With a focus on personalized service, they assist clients throughout the application process, ensuring clarity and support at every step. Their SBA program history includes the 7A loan program, which is ideal for a variety of business purposes. The institution maintains a strong commitment to helping small businesses grow and succeed by providing competitive rates and flexible terms. Located in Eau Claire, WI, they serve local businesses while also supporting clients across the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
86
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loans and small business financing solutions designed to help entrepreneurs grow and succeed. You can find personalized support, competitive rates, and flexible terms tailored to your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment for personalized service, but walk-in consultations may also be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The typical hours are Monday through Friday from 9 am to 5 pm, but it"s best to confirm by contacting the branch directly.
Question 4
Is there a fee to use this?
Answer 4
There may be application and closing fees associated with SBA loans; these are disclosed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves local residents and members, but eligibility details can vary based on the specific loan program.
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 generally recommended, though higher scores may improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 60 days, depending on the complexity of the application and completeness of documentation.
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