Go Back
Report Abuse

Summit CU

photo-53.jpg
photo-53.jpg

Description

Summit CU offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, they provide various loan options including the popular SBA 7(a) program, which is ideal for a wide range of business purposes such as working capital, equipment purchase, and real estate acquisition. Their team is committed to guiding clients through the application process, ensuring clarity and efficiency from start to finish. Located in Cottage Grove, WI, they serve local businesses but also support clients across the region with flexible lending solutions. Their approval amounts can go up to $819,000, making them a strong choice for businesses requiring substantial funding. They understand the unique needs of small businesses and strive to deliver tailored financial products that help clients succeed.

Location

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
3.9
Google Review Count
110
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs and financial services tailored to small businesses seeking growth capital and operational funding.
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 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.
Question 4
Is there a fee to use this?
Answer 4
Yes, there are standard SBA loan fees, including guarantee and servicing fees, which vary depending on the loan size and term.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the region, but eligibility depends on meeting lending criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 or higher is typically required for loan approval.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the completeness of application materials and loan complexity.
Scroll to Top