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Service 1st Federal Credit Union

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Service 1st Federal Credit Union
Service 1st Federal Credit Union

Description

Offering comprehensive banking services tailored for small businesses and entrepreneurs, this financial institution provides SBA loan options to support growth and expansion. Whether you’re seeking funding for equipment, real estate, or working capital, they facilitate access to the SBA 7(a) program, known for its flexible terms and competitive rates. Located in Danville, Pennsylvania, they serve local businesses with personalized financial solutions, helping clients navigate the complexities of SBA lending with expert guidance. Their experienced team is committed to understanding your business needs and providing tailored financing options to help you succeed. With a focus on community development and small business support, they aim to be a trusted partner in your financial journey, offering quick access to funding and dedicated customer service.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.1
Google Review Count
29
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs, including 7(a), to support small business growth and development. You can find personalized financial solutions, expert guidance, and access to funding for various business needs.
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 specialist, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Typically, the bank operates Monday through Friday from 9 am to 5 pm, but hours may vary, so it"s best to contact ahead of your visit.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic banking services, but loan processing and closing fees may apply depending on the specific loan product.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves members and residents of the local community, but business clients from surrounding areas may also be eligible.
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, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 2 to 4 weeks, depending on the complexity of the loan and completeness of documentation.
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