Voyage Federal Credit Union
Voyage Federal Credit Union is an active SBA lender in South Dakota, a credit union offering SBA-guaranteed small-business loans. Currently rated 4.4 stars across 109 Google reviews.
About Voyage Federal Credit Union
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.
Common questions about Voyage Federal Credit Union
What is this place and what can I find here?
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.
Do I need an appointment or can I walk in?
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.
What are the hours of operation?
Voyage Federal Credit Union operates 9:00 AM to 5:00 PM, Monday through Friday. Contact them directly to confirm hours or schedule an appointment.
Is there a fee to use this?
There are no fees for simply visiting or consulting; however, loan applications and processing may involve standard SBA fees and closing costs.
Who is this open to — anyone, or only residents/members?
This institution primarily serves small business owners and entrepreneurs, with lending eligibility based on business criteria and creditworthiness, not residency alone.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of around 640 is generally preferred, but approval depends on overall financial health and business viability.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of application materials.
Is this open on weekends?
No, Voyage Federal Credit Union is closed on weekends. SBA lending staff operate Monday through Friday only, 9:00 AM to 5:00 PM.
How do I get there and where do I park?
Voyage Federal Credit Union is located in South Dakota — see the contact card for the full address. Most credit union locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Voyage Federal Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Voyage Federal Credit Union itself, which runs its own lending under its own ownership. If you work at Voyage Federal Credit Union, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Voyage Federal Credit Union — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Voyage Federal Credit Union before applying. If you represent Voyage Federal Credit Union, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Voyage Federal Credit Union by phone at (605) 338-2533, email info@voyagefcu.org, or visit voyagefcu.org—confirm with them for SBA lending specifics.
What core industries does this lender traditionally choose to finance?
Like most SBA lenders, Voyage Federal Credit Union can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each credit union sets its own industry preferences and may avoid sectors it considers higher risk. Ask Voyage Federal Credit Union directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this lender?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Voyage Federal Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Voyage Federal Credit Union and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this lender have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established credit unions hold PLP status, but it varies by institution. Voyage Federal Credit Union can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this lender?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Voyage Federal Credit Union's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Voyage Federal Credit Union directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Voyage Federal Credit Union what down payment it expects for your specific commercial real estate purchase.
Does this lender impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Voyage Federal Credit Union to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this lender to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Voyage Federal Credit Union to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Voyage Federal Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Voyage Federal Credit Union how it evaluates prior bankruptcies.
