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Parke Bank

Parke Bank
Parke Bank

Description

Offering comprehensive SBA lending options, this financial institution specializes in supporting small businesses with tailored loan programs. They provide expertise in SBA 7(a) loans, helping entrepreneurs secure funding for growth, working capital, and acquisitions. With a focus on personalized service, they assist clients through every step of the loan process, ensuring clarity and efficiency. Their team understands the unique needs of small businesses and offers flexible terms to meet diverse financial goals. Whether you’re starting a new venture or expanding an existing business, they are equipped to facilitate your success with competitive rates and dedicated support. Located in Sewell, NJ, they serve local businesses while also offering nationwide lending capabilities. Their commitment to small business growth is evident through their extensive experience and strong relationships with SBA programs. They aim to be a trusted partner in your business journey, providing guidance and resources to help you thrive in a competitive marketplace.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
9
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs designed to support small business growth. You can find information about their loan options, application processes, and support services here.
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 loan specialist, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Typically, they operate from 9 AM to 5 PM, Monday through Friday, but it"s best to confirm by contacting the branch directly.
Question 4
Is there a fee to use this?
Answer 4
There may be application and closing fees associated with SBA loans, but these are disclosed upfront and vary based on the loan specifics.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves small business owners and entrepreneurs, with eligibility based on business criteria and creditworthiness.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required to qualify for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
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