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SharePoint CU

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Description

SharePoint CU offers specialized financial services tailored to small and medium-sized businesses seeking SBA-backed loans. With a focus on supporting local entrepreneurs, this lender provides a range of funding options including SBA 7(a) loans, which are ideal for working capital, equipment purchase, or expansion needs. Their experienced team guides clients through the application process, ensuring clarity and support at every step. The bank is committed to fostering business growth within the Bloomington area and beyond, leveraging their expertise in SBA lending to help clients achieve their goals. Whether you’re starting a new venture or expanding an existing business, SharePoint CU offers flexible financing solutions designed to meet diverse needs. They also support various industries, with particular strength in service and retail sectors, providing personalized service to each client. The bank’s approach emphasizes transparency, competitive rates, and quick turnaround times to help businesses succeed. Their local presence and dedicated SBA program support make them a trusted partner for business owners looking for reliable funding sources.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
42
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA-backed loans and business financing solutions designed to support small and medium-sized businesses in the Bloomington area and beyond.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated assistance, but walk-in consultations may be available 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 extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or consult; fees are associated with specific loan products and services as outlined in the loan agreement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves local businesses and residents in the Bloomington region, but qualified applicants from surrounding areas may also be considered.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally preferred, though other factors may influence approval.
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 completeness of the application and supporting documentation.
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