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Scott Credit Union

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan programs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and efficiency. With a focus on personalized service, they aim to help entrepreneurs succeed and grow their enterprises. The bank is well-versed in SBA 7(a) loans, providing flexible financing options for a wide range of business purposes. They also have a strong track record of approving substantial loan amounts, up to $388,700, to support local economic development. Their commitment extends to fostering relationships within the community, emphasizing accessibility and support for small business owners. Whether you’re a startup or an established business, they are dedicated to helping you navigate the complexities of SBA lending with confidence.

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Q&A

Lender Type
Commercial Bank
Google Rating
2.7
Google Review Count
102
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that specializes in SBA lending, offering small businesses access to funding through SBA 7(a) loans and other financial products tailored to support growth and development.
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 are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with additional hours available by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting, but loan processing and application fees may apply depending on the services used.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the community, but membership or residency is not strictly required for certain services.
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 preferred for loan approval.
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 loan and completeness of application materials.
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