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Hope Federal Credit Union

Hope Federal Credit Union

Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1 to 2 hrs
Can you get this?
Open to small and commercial businesses
Serves Deep South region communities
Nonprofits may access bonus rate savings
Must become a credit union member
Your real odds
Approval rates are not published, but Hope FCU is a CDFI built specifically to serve borrowers who would not qualify at a conventional bank.
CDFIs exist to fill lending gaps in underserved markets, so Hope FCU weighs applications differently than a traditional lender would, though no specific approval data is available.
What it takes
Review loan types and pick the right one1 to 2 hrs
Gather required loan documents1 to 3 days
Submit application and meet your lender1 week
Worth knowing
Hope FCU pairs technical assistance with its lending, so working with their team before you formally apply gives you a chance to strengthen your business plan on their terms.
What else do you qualify for?
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$19/month · cancel anytime