GRANT · HOW TO WIN THIS
Varies — amount depends on loan type and business need.
Rolling — no deadline, apply any time.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
No public data on approval rates, but as a CDFI credit union SELCO is oriented toward community lending, including businesses that may not qualify at traditional banks.
Applications are accepted on a rolling basis, so there is no competitive cohort or fixed pool. Loan decisions likely depend on standard credit and business financials.
WHAT IT TAKES
Become a SELCO member (if not already) — 1 day
Gather required documentation (financials, business records, beneficial ownership info) — 3–5 days
Submit loan application online — under $250K or over $250K has separate applications — 1–2 hours
Work with a loan specialist through underwriting and approval — 1–4 weeks
WORTH KNOWING
SELCO has a dedicated loan specialist contact option and separate application tracks for loans under and over $250,000 — contacting a specialist before applying can help you choose the right product and prepare the right documentation.
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