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Voyage Federal Credit Union

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses through various loan programs including the popular 7(a) loan program. With a focus on providing accessible funding options, they help entrepreneurs and established companies secure the capital needed for growth, expansion, or operational needs. Their experienced team guides clients through the application process, ensuring clarity and support at every step. The bank’s expertise in SBA loans makes it a reliable partner for business owners seeking flexible financing solutions tailored to their unique circumstances. Whether you’re looking to purchase equipment, expand facilities, or manage cash flow, this lender offers tailored loan options with competitive terms and personalized service. Their commitment to small business success is reflected in their dedicated support and understanding of the local economic landscape. Located in Sioux Falls, SD, they serve a broad range of industries, emphasizing a deep understanding of regional business needs and opportunities. This institution’s SBA program history demonstrates a strong track record of successful loan approvals, making them a trusted choice for entrepreneurs seeking SBA-backed financing.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.4
Google Review Count
109
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution that offers SBA loan programs to help small businesses secure funding for growth and operational needs. You can find assistance with loan applications, guidance on financing options, and personalized support tailored to your business goals.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be available during business hours.
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. It"s best to contact them directly for specific hours or to schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, loan applications and processing may involve standard SBA fees and closing costs.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves small business owners and entrepreneurs, with lending eligibility based on business criteria and creditworthiness, not residency alone.
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 preferred, but approval depends on overall financial health and business viability.
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 application materials.
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