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Securityplus Federal Credit Union

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Description

Securityplus Federal Credit Union offers comprehensive SBA lending options tailored to meet the needs of small businesses seeking financial support. With a focus on serving the Baltimore community, this institution provides a range of loan programs including the SBA 7(a) and 504 loans, designed to help businesses expand, purchase equipment, or refinance existing debt. Their experienced team guides clients through the application process, ensuring clarity and support at every step. The credit union’s commitment to small business growth is reflected in their flexible lending criteria and personalized service. Whether you’re starting a new venture or looking to scale an existing business, Securityplus Federal Credit Union is equipped to provide the financial solutions necessary for success. They also support microloans and express lending options for faster access to funds. Located at 7135 Windsor Blvd, they serve the Baltimore area with a focus on community development and economic growth.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
129
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and small business financing solutions, where you can find support for business 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 may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The typical hours are Monday through Friday, 9 AM to 5 PM, but it"s best to call ahead for specific timings.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting; fees may apply for loan processing and services, which will be disclosed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This credit union primarily serves members of its community and affiliated groups, but business loan eligibility depends on qualification criteria.
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 generally preferred for loan qualification.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the loan application.
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