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St Cloud Financial Credit Union

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Description

Specializing in small business financing, this financial institution offers a range of SBA loan programs designed to support entrepreneurs and business owners. With a focus on serving the local community, it provides tailored lending solutions to help businesses grow and succeed. The bank is experienced in handling SBA 7(a) loans, which can be used for various purposes including working capital, equipment purchase, and real estate acquisition. They also support microloans and other small business funding options, making it easier for startups and established companies to access capital. Their team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. Whether you need a small loan or a larger funding package, this lender is equipped to assist with your business goals, offering competitive rates and flexible terms to meet your financial requirements.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.3
Google Review Count
26
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution that offers SBA loans and small business financing options designed to help entrepreneurs grow their businesses. You can find assistance with loan applications, guidance on funding options, and personalized support for your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome depending on availability. Calling ahead can help you secure a convenient meeting time.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. Appointments outside regular hours can be arranged upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, certain services or loan processing may involve fees which will be clearly explained beforehand.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves local residents and small business owners in the region, but membership or eligibility requirements may vary depending on the specific loan program.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 650 is preferred, but higher scores can improve loan approval chances and terms.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.
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