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Raccoon Valley Bank

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Description

Raccoon Valley Bank offers comprehensive SBA lending services tailored to small businesses seeking financing solutions. With a focus on supporting local entrepreneurs, the bank provides access to various SBA programs, including the popular 7(a) loan program, to help fund business expansion, equipment purchases, or working capital needs. Located in Perry, Iowa, this bank is dedicated to fostering economic growth within the community by offering personalized service and flexible lending options. Their team of experienced lenders works closely with clients to understand their unique needs and guide them through the loan application process. The bank’s commitment to small business success is reflected in their support for a range of industries, emphasizing their role as a trusted financial partner. Whether you’re a startup or an established business, Raccoon Valley Bank strives to provide timely and efficient financing solutions to help you achieve your goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
14
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs designed to help small businesses grow and succeed. You can find personalized financial solutions tailored to your business needs, including access to SBA 7(a) loans and other community banking services.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a lender, but walk-ins are also welcome during business hours. Calling ahead can help you prepare and streamline the process.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 8:30 AM to 4:30 PM. It"s advisable to check ahead for any special hours or holiday closures.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting with the bank. Loan applications and services may have associated fees, which will be disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners in Perry, Iowa. Business loans are available to qualified applicants within the community and surrounding areas.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 640 is preferred, but this can vary based on the specific loan and borrower profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of documentation.
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