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Sound Credit Union

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Description

Sound Credit Union offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on the Pacific Northwest, it provides flexible loan options under the SBA 7(a) program, known for its competitive terms and favorable conditions. The credit union specializes in serving local businesses, providing personalized service and expert guidance throughout the lending process. Whether you’re looking to finance equipment, real estate, or working capital, Sound Credit Union stands ready to assist with loans up to $2,981,300, ensuring your business has the capital it needs to thrive. Their experienced team understands the nuances of SBA loans and works closely with borrowers to streamline approval and funding. Located at 1331 Broadway in Tacoma, WA, they are committed to supporting regional economic growth and small business success. Their expertise in the NAICS code 238160 (Electrical Contractors) highlights their strength in construction-related industries, but they serve a broad range of sectors. With a history of successful approvals, they are a reliable partner for businesses seeking SBA financing.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
62
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution that provides SBA loans and specializes in supporting small businesses with flexible financing options and personalized service.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Typically, they operate during regular business hours from Monday to Friday, 9 am to 5 pm, but it"s best to call ahead for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There may be fees associated with loan processing and closing, which are aligned with SBA guidelines and disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small business owners within the regional area, especially those who are members or residents of the community.
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 required, 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 between 30 to 60 days, depending on the complexity of the loan and completeness of the application.
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