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Team One CU

Team One CU offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on the Saginaw community, they provide flexible loan options including the SBA 7(a) program, which is ideal for a variety of business purposes such as working capital, equipment purchase, or real estate acquisition. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank specializes in serving small to medium-sized businesses, providing personalized service and competitive rates. They support a broad range of industries, with particular strength in healthcare and service sectors, helping entrepreneurs access the capital they need to succeed. Whether you’re a startup or an established business, Team One CU is committed to fostering local economic growth through accessible SBA financing. Their commitment to community development and small business success makes them a trusted partner in the Saginaw area.

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Lender Type

Commercial Bank

Google Rating

4.6

Google Review Count

204

Question 1

What is this place and what can I find here?

Answer 1

This is a community-focused SBA lender offering small business loans, including the SBA 7(a) program, to help local entrepreneurs grow and succeed. You can find personalized guidance and flexible financing options tailored to 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 may be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

Typically, the bank operates from 9:00 AM to 5:00 PM, Monday through Friday, but hours may vary, so it"s best to contact them directly.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for accessing basic information, but standard loan application and processing fees may apply depending on the loan terms.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This lender primarily serves small businesses within the Saginaw region, with a focus on local entrepreneurs and community members.

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 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 application and completeness of documentation.

Team One CU

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