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Security Federal Corporation
Security Federal Corporation
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1-2 days
Can you get this?
✓Small business or startup applicant
✓Located in South Carolina service area
✓Creditworthy with sufficient business financials
✕Outside Aiken, Columbia, Augusta areas
Your real odds
Odds depend on your creditworthiness and business financials, as with any community bank loan.
As a CDFI, Security Federal Bank has a stated mission of community development and helping underserved borrowers, which may make them more flexible than a traditional bank. No specific approval rates or award volumes are published.
What it takes
Contact a business lender or visit a branch to discuss your loan needs1-2 days
Prepare business financials and loan application materials1-2 weeks
Submit application and await local credit decisionVaries by loan type
Worth knowing
Security Federal Bank holds CDFI designation and offers free, confidential one-on-one financial counseling to anyone, which can help you prepare before applying for a loan.
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