Holy Rosary Credit Union
Holy Rosary Credit Union is an active SBA lender in Missouri, a credit union offering SBA-guaranteed small-business loans. Currently rated 4.2 stars across 41 Google reviews.
About Holy Rosary Credit Union
Holy Rosary Credit Union offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, equipment, or working capital. With a focus on personalized service, they assist clients through the SBA 7(a) loan program, providing flexible financing options to meet diverse business needs. Their team is committed to guiding borrowers through the application process, ensuring clarity and support at every step. Located in Kansas City, MO, they serve the local business community with a strong understanding of regional market dynamics. The credit union specializes in small business loans, leveraging SBA programs to help entrepreneurs access the capital they need to succeed. Whether you're starting a new venture or expanding an existing business, Holy Rosary Credit Union is dedicated to fostering economic development in the region. Their experienced staff works closely with clients to develop tailored financing solutions, making them a reliable partner for small business growth. They also offer support for existing members and new applicants, emphasizing community involvement and financial empowerment. With a history of successful approvals, they are well-equipped to handle loan requests up to $238,500, providing accessible funding options for various business stages and industries.
Common questions about Holy Rosary Credit Union
What is this place and what can I find here?
This is a community-focused credit union offering small business loans, including SBA 7(a) financing, to support local entrepreneurs and business growth.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated service, but walk-ins are also accommodated based on availability.
What are the hours of operation?
Holy Rosary Credit Union's main branch in Kansas City operates Monday-Tuesday and Thursday 9am-5pm, Wednesday 10am-5pm, Friday 9am-6pm, and Saturday 9am-1pm. Please confirm these hours directly with the credit union.
Is there a fee to use this?
There are no fees for basic consultations; however, loan processing and service fees may apply depending on the transaction.
Who is this open to — anyone, or only residents/members?
This credit union primarily serves members of the community and affiliated groups, but small business owners can apply for loans if eligible.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of around 650 is generally preferred, though other factors are also considered.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the loan and completeness of documentation.
Is this open on weekends?
Yes, Holy Rosary Credit Union is open on Saturday from 9am-1pm at its main Kansas City and St. Joseph branches. They are closed on Sundays. Confirm current weekend hours with the credit union.
How do I get there and where do I park?
Holy Rosary Credit Union is located in Missouri — 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 Holy Rosary Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Holy Rosary Credit Union itself, which runs its own lending under its own ownership. If you work at Holy Rosary 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 Holy Rosary 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 Holy Rosary Credit Union before applying. If you represent Holy Rosary Credit Union, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Holy Rosary Credit Union by phone at (816) 221-2734 or via their contact form at https://holyrosarycu.org/contact-us. Confirm your inquiry routing with the credit union.
What core industries does this lender traditionally choose to finance?
Like most SBA lenders, Holy Rosary 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 Holy Rosary 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 Holy Rosary Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Holy Rosary 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. Holy Rosary 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. Holy Rosary Credit Union's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Holy Rosary 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 Holy Rosary 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 Holy Rosary 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 Holy Rosary 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. Holy Rosary Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Holy Rosary Credit Union how it evaluates prior bankruptcies.
