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Westerly Community CU

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Description

Westerly Community CU offers comprehensive SBA loan services tailored for small businesses seeking financial support for growth, expansion, or operational needs. With a focus on community development, this institution provides flexible lending options to meet diverse business requirements. Their SBA program expertise ensures clients have access to funding solutions such as the SBA 7(a) loan program, which can be used for working capital, equipment, or real estate purchases. The bank emphasizes personalized service, guiding borrowers through the application process and offering competitive rates and terms. Whether you’re a startup or an established business, Westerly Community CU is committed to supporting local economic development through accessible SBA lending programs.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
44
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused financial institution offering SBA loan programs and personalized banking services to support small business growth and development in Westerly and surrounding areas.
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 banking representative, 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
There are no fees for accessing basic banking services; however, specific loan products may have associated origination or closing costs.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves members of the community and local small businesses, with some services available to non-members by appointment.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required for guarantors.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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