Home Federal Savings and Loan Association of Grand Island
Home Federal Savings and Loan Association of Grand Island is an active SBA lender in Nebraska, a bank offering SBA-guaranteed small-business loans. Currently rated 4.5 stars across 42 Google reviews.
$7M
in SBA approvals since 2010
25
SBA loans funded
Real Estate & Property Management · Hotels & Lodging · Childcare & Early Education
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Home Federal Savings and Loan Association of Grand Island
Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with a variety of loan programs. They provide tailored financing options to help entrepreneurs grow, expand, or start new ventures. With a focus on the SBA 7(a) program, they assist clients in securing funding for equipment, working capital, or real estate purchases. The bank's experienced team guides borrowers through the application process, ensuring clarity and support at every step. Their commitment to small business success is evident in their personalized service and flexible lending solutions. Located in Grand Island, NE, they serve local businesses with a keen understanding of regional market needs. Whether you're seeking a small loan or a larger funding package, this bank offers competitive terms and dedicated customer care. They also support microloans and other SBA programs, making them a versatile partner for diverse business needs.
Industries Home Federal Savings and Loan Association of Grand Island finances
Business types Home Federal Savings and Loan Association of Grand Island actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Home Federal Savings and Loan Association of Grand Island
What is this place and what can I find here?
This is a local bank that offers SBA loans and small business financing options, helping entrepreneurs secure funding for growth and development.
Do I need an appointment or can I walk in?
You can walk in during business hours or schedule an appointment for personalized assistance with your loan application.
What are the hours of operation?
Home Federal Savings and Loan Association of Grand Island's main downtown office is open Monday through Friday, 8:30 AM to 4:30 PM (lobby) with extended drive-thru hours 8:00 AM to 5:30 PM. Other branch locations have varying hours, so please confirm with the lender for your specific branch.
Is there a fee to use this?
There are no fees for accessing basic information; loan fees depend on the specific loan terms and conditions.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local small businesses and residents in the Grand Island area, but they may consider applicants from surrounding regions.
What minimum personal credit score does this bank look for in a guarantor?
Typically, a minimum personal credit score of 650 is preferred, but requirements can vary based on the loan type and applicant profile.
How long does the traditional underwriting process take from start to close?
The underwriting process usually takes between two to four weeks, depending on the complexity of the loan and completeness of documentation.
Is this open on weekends?
Home Federal Savings and Loan Association of Grand Island's downtown office lobby is closed on weekends, though some branch locations offer limited drive-thru service on Saturday mornings (8:30 AM to 12:00 PM). Please confirm with the lender for weekend availability at your specific branch.
How do I get there and where do I park?
Home Federal Savings and Loan Association of Grand Island is located in Nebraska — see the contact card for the full address. Most bank 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 Home Federal Savings and Loan Association of Grand Island, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Home Federal Savings and Loan Association of Grand Island itself, which runs its own lending under its own ownership. If you work at Home Federal Savings and Loan Association of Grand Island, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Home Federal Savings and Loan Association of Grand Island — 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 Home Federal Savings and Loan Association of Grand Island before applying. If you represent Home Federal Savings and Loan Association of Grand Island, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Home Federal Savings and Loan Association of Grand Island by phone at (308) 382-4000, toll-free at 800-658-3183 (Monday-Friday 8:15 AM-4:30 PM, Saturday 8:30 AM-12:00 PM), or via online chat available on their website. Please confirm details with the lender for SBA lending inquiries.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Home Federal Savings and Loan Association of Grand Island most often finances businesses in general retail. This reflects Home Federal Savings and Loan Association of Grand Island's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Home Federal Savings and Loan Association of Grand Island which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Home Federal Savings and Loan Association of Grand Island participates in SBA Express depends on its specific SBA lending authority. Contact Home Federal Savings and Loan Association of Grand Island and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank 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 banks hold PLP status, but it varies by institution. Home Federal Savings and Loan Association of Grand Island can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. Home Federal Savings and Loan Association of Grand Island's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Home Federal Savings and Loan Association of Grand Island 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 Home Federal Savings and Loan Association of Grand Island what down payment it expects for your specific commercial real estate purchase.
Does this bank 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 Home Federal Savings and Loan Association of Grand Island to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank 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 Home Federal Savings and Loan Association of Grand Island 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. Home Federal Savings and Loan Association of Grand Island weighs this case by case under its own policy, so be upfront about your history and ask Home Federal Savings and Loan Association of Grand Island how it evaluates prior bankruptcies.
