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Centennial Bank

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Description

Centennial Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on small business financing, the bank provides a variety of loan options, including SBA 7(a) loans, to help entrepreneurs access capital efficiently. Their experienced team guides clients through the application process, ensuring clarity and support at every step. Located in Conway, Arkansas, the bank is committed to serving local businesses with personalized financial solutions. The bank’s SBA 7(a) program supports a wide range of business purposes, including working capital, equipment purchases, and real estate acquisitions, with approval amounts reaching up to $365,000. Whether you’re a startup or an established business, Centennial Bank aims to foster economic growth in the region by providing accessible and flexible loan options. Their expertise in SBA lending makes them a trusted partner for small business owners looking to secure funding with favorable terms and conditions.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.2
Google Review Count
22
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that provides SBA loan programs and financial services tailored to small businesses, helping entrepreneurs access capital for growth and operational needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are fees associated with loan processing and closing, which vary based on the loan terms and amount.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the region, but eligibility depends on loan qualification criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is generally preferred, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 45 days, depending on the completeness of the application and documentation.
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