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Wings Credit Union

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Description

Wings Credit Union offers comprehensive SBA lending options tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, they provide access to various SBA programs including the 7(a) loan program, which is ideal for working capital, equipment purchase, or real estate acquisition. Their team is committed to guiding borrowers through the application process to ensure smooth approval and funding, with approval amounts reaching up to $155,000 for qualifying applicants. Located in Colorado Springs, they serve local businesses and the broader community with flexible lending solutions designed to meet diverse industry needs. Their expertise extends to supporting small enterprises across multiple sectors, emphasizing community development and economic growth. Whether you are a startup or an established business, Wings Credit Union is dedicated to helping you secure the funding necessary to achieve your business goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.1
Google Review Count
196
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused credit union offering SBA loan programs, including the 7(a) loan, to support small business growth and development in Colorado Springs and the 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 service, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
Typically, they operate Monday through Friday from 9 am to 5 pm, but it"s best to contact them directly for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting; however, loan application and processing fees may apply depending on the service.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This credit union primarily serves members and residents of Colorado Springs, but eligibility requirements apply for membership.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally required for loan consideration.
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 completeness of the application and documentation provided.
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